Ripple’s XRP has traded below the $1 level for nearly three years, affected primarily by the cases filed by the US Securities and Exchange Commission (SEC). Even during the mini bull run immediately after Donald *****’s election, XRP had a sluggish price action, struggling to maintain its $0.57 price. But last November 16th, the altcoin hit the $1 price mark after surging by 14.72%.
Fast-forward to one week and XRP is trading at $1.50, which briefly hit $1.62 last November 23rd. For many analysts, there’s no turning back for XRP’s price, with one popular Twitter/X user saying it will no longer drop below $1.
In a post on Twitter/X last November 23rd, a millionaire mentor, a.k.a. the “Bearable Bull,” boldly predicted that the market would never see XRP “go below $1 again”.
We Will Never See XRP Go Below $1 AGAIN
— The Bearable Bull (@thebearablebull) November 23, 2024
$1 As XRP’s Base For Further Growth
Ripple’s XRP started the year at $0.61 and traded for the next few months on the $0.50 to $0.60 level. And while Bitcoin and other altcoins started to rally immediately after *****’s election, XRP’s price movement remained sluggish.
Only a few days ago, XRP’s price began to move before breaking the $1 level on November 16th. The previous time Ripple’s XRP held the price was in December 2021, when it dipped to $1.96. For many market analysts, the $1 price now serves as the base for consolidation and further growth.
XRP’s Price Will Not Look Back To $1 – Analyst
XRP’s recent price rally has caught the attention of many analysts and market observers. The Bearable Bull, a popular crypto mentor on Twitter/X, is one of those analysts who offered bold insight into XRP’s price movement.
In a Twitter/X post that garnered 94.7K views, Bearable Bull shared that the community will never see XRP revisit the $1 price. Other analysts shared his view, saying that the token has consolidated its base.
However, a few analysts offered some caution, saying it’s too early to tell if XRP will no longer dip below $1. Last November 16th, XRP hit a high of $1.267. The next day, there was a minor price correction, but XRP did not fall below $1.
XRP soon will achieve a $100B market cap. Times are changing.
— John E Deaton (@JohnEDeaton1) November 22, 2024
Bold Predictions On XRP’s Future Price
The market’s optimism on XRP’s price performance continues until today. Even pro-Ripple lawyer John Deaton predicts that it will continue its bullish run, and he expects the coin to revisit its $100 billion market cap.
I think $XRP is probably going to make new ATH a lot quicker than most are expecting- and I think it’s going to vastly outperform both $BTC and $ETH from current levels while doing it.
XRP/ETH just reclaimed and retested a 4 year long range, with the first target being ~250%… pic.twitter.com/fLYlH2GEYB
— CrediBULL Crypto (@CredibleCrypto) November 21, 2024
Also, “CrediBULL” expects the digital asset to top its all-time high soon. He further claimed that XRP can surpass Ethereum and Bitcoin’s performance. Based on current price data, it has surged 125% in the last three months, beating Ether’s 20% and Bitcoin’s 51% increase.
Featured image from iExpats, chart from TradingView