XRP Hits New Yearly High: Is a $10 Rally Next?
Post XRP Hits New Yearly High: Is $10 Next? first appeared in Coinpedia FinTech News
XRP just broke above the key $1 level, rising an impressive 25.1% in the past 24 hours. This sharp rise has many cryptocurrency enthusiasts wondering how high this bullish momentum can push Ripple price.
Is $10 a realistic goal? Let’s explore it.
XRP beats the market
Although the overall cryptocurrency market has slowed down after experiencing a surgeUS presidential electionXRP has shown impressive growth. Over the past 24 hours, Bitcoin and Ethereum have gained modestly by 2.4% and 0.3% respectively, while Solana’s gains have eased to 2.5%. Some major cryptocurrencies like BNB are even showing negative trends.
In comparison, XRP has surged 25.1% in the past 24 hours and gained as much as 81.4% in the past week, making it a standout performer in the market.
XRP Market Analysis
XRP hit a new yearly high, surpassing $1 for the first time since July 19, 2023. Back on July 13, XRP jumped from $0.4704 to $0.851, an increase of 80.9% in one day, after a court ruled in favor of Ripple in its legal action against the SEC. On July 19, XRP hit $0.8196, setting a new high for the year.
XRP is now trading at $1.0508, a new yearly high.
.article-inside-link { margin-left: 0 !important; border: 1px solid line #0052CC4D; left border: 0; right border: 0; padding: 10px 0; text alignment: left; } .entry ul .article-inside-link li { Font size: 14px; Line height: 21px; Font weight: 600; List style type: None; Bottom margin: 0; Display: inline block; } .entry ul.article-inside-link li:last-child { display :none; }
Analysts Predict Big Changes for XRP
Several prominent crypto analysts, including Crypto Assets Guy and Edo Farina, had predicted that XRP would cross the $1 mark today. Cryptoasset experts have even noted that XRP whale activity may increase as investors begin to shift their attention away from other areas. Blockchain project. He also mentioned accumulating XRP and Meme Coin.
At the beginning of today, the price of XRP was $0.8917. Since then, it has soared 16.72%.
Could FOMO push XRP to $10?
Some analysts believe that if XRP can sustain above $1, it could start moving towards the ambitious goal of $10. They believe that going above $1 could trigger a “fear of missing out” (FOMO) effect, leading to increased buying pressure, which could push prices higher.
XRP’s recent surge is a testament to its potential to break records and exceed expectations. With continued bullish momentum, whale activity, and a possible shift in market dynamics, XRP’s journey towards $10 could become a reality.
Cryptocurrency investors and enthusiasts are paying close attention to what happens next.
Considering that you invested in XRP in December 2020, when the average price was $0.35, your investment would have increased by 60.01%. In short, it’s worth $160.01.
If XRP maintains its bullish momentum and favorable conditions, its price could range between $3 and $10 by the end of 2025.
