According to the latest forecasts by analysts, XRP has the potential for further price growth this year, although opinions vary:
Some analysts predict that XRP could reach the $1-2 level by the end of 2024. More optimistic projections even suggest the possibility of reaching $3-4 in the event of a favorable resolution to the SEC lawsuit and positive market conditions.
Analyst Peter Brandt suggests that XRP could break through the $2 level in the near future. Another experienced analyst, CasiTrades, predicts a long-term rise in XRP to the $8-13 range, though he warns of a possible correction in the short term.
Some more conservative forecasts assume that XRP could end 2024 in the $0.75-0.85 range.
It's worth remembering that price predictions are subject to significant uncertainty and may differ considerably from the actual course of events in the cryptocurrency market. Key factors that could influence the price of XRP in the near future include:
The outcome of the SEC lawsuit
The overall situation in the cryptocurrency market
Adoption of Ripple solutions by financial institutions
Technological development and new partnerships
Investors should exercise caution and conduct their own analysis before making investment decisions.