An expert now predicts XRP price rise timeline that could see its price climb from $5 to $30 within a certain period.
XRP has recently seen a resurgence in optimism after reclaiming the $1 mark for the first time in nearly three years.
Following this, the token has continued to climb, currently trading at $1.44, reflecting a 59% increase in just a week.
The focus now shifts to the $2 level, which would represent a significant milestone, as XRP last reached this price in January 2018.
Analyst CryptoBull emphasizes the importance of XRP closing November above $2.
If achieved, this would signify a remarkable 288% increase for the month, marking XRP’s highest monthly gain in seven years.
Currently, XRP is already up 203% this month, making a close above $2 even more significant.
CryptoBull draws parallels to XRP’s performance in March 2017, when the token experienced a similar breakout.
If XRP closes above $2, it could indicate a repeat of that bullish trend, potentially allowing it to reach $5 by the end of December 2024.
Following that trajectory, the analyst believes XRP could surge to $30 by the end of January 2025, representing a staggering increase of 1,835% from its current price.
Achieving this would require substantial capital influx, pushing XRP’s market cap close to that of Bitcoin.
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Also Read: XRP Now Achieves Highest Weekly Close in Three Years
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