Financial Experts predicts Xrp price for the 2024

In the aftermath of Ripple’s latest legal triumph against the US Securities and Exchange Commission (SEC), which saw the official dismissal of longstanding charges. As we enter the final period of 2023,Finbold sought insights from financial and crypto experts regarding XRP’s price outlook for 2024

One of the experts who shared his predictions on XRP’s 2024 predictions was Dom Farnell, a co-founder of The Investors Centre. The specialist said XRP remains “one of the most exciting altcoins on the market,” adding that it is “a matter of time before we see a new all-time high (ATH)

“XRP is in what I like to call a holding phase, we saw a very exciting climb to over $0.80 in mid-July for it now to have corrected itself back down to roughly $0.55.”– said Farnell in response to Finbold.Looking ahead,he does not see “much movement for XRP in the coming months,and instead predicted the cryptocurrency to continue trading between $0.5 and $0.6. 

The expert noted that die-hard supporters” will keep the price afloat,however, there might not be much new investment coming in as investors might be put off if there be a turn of events, and also the relatively high position it holds in the market cap rankings.”

Gillian Dewar, CFO of Crediful

Meanwhile, Gillian Dewar,believes XRP’s price course in the coming months mainly depends on on whether major institutions adopt the currency for global transactions and if the market starts a bull run, “which would effectively raise XRP rates.”

“On the conservative end, we may see increases in XRP into the $0.60 range, but that number could rise up to $1.00+ if these factors play out right.”

Given all of these factors, it is difficult to predict the exact price of XRP at the start of 2024. However, some financial experts believe that XRP could reach a price of $1.50 to $2.00 by the start of 2024.”

At the time of publication, XRP was sitting at $0.58, up more than 9.6% in the past 24 hours.