What experts say after XRP's price skyrocketed by 400% in November 2024

After XRP recorded an explosive increase of about 400% in November 2024, experts have expressed positive opinions about the prospects of this cryptocurrency. Notably, the price surge of XRP was supported by favorable outcomes from the lawsuit with the SEC, in which the court determined that XRP is not a security. This has helped the investment community feel more optimistic.

Ryan Lee from Bitget Research predicts that XRP could reach $2.57 before the end of 2024, emphasizing that the value of XRP tends to rise sharply about 228 days after Bitcoin halving events. If the XRP ETF fund is approved, this would be a significant boost for the value of this cryptocurrency. Analysts also believe that changes in leadership at the SEC and the prospect of a more favorable regulatory environment will continue to drive XRP's price growth.

Furthermore, the introduction of Ripple's new stablecoin, RLUSD, is expected to enhance the applicability of blockchain and attract more interest from investors.