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CoinGape 2024-12-10 15:51:04

XRP Price To Hit $4.5, Top Expert Reveals Potential Timeline

XRP Price To Hit $4.5, Top Expert Reveals Potential Timeline

The XRP price has recorded immense volatility recently, losing around 12% from its value in the last 24 hours. The slump in the asset’s price comes amid a broader crypto market crash, indicating a waning risk-bet appetite of the investors. However, despite the recent pullback, the market pundits remain bullish about the future trajectory of Ripple’s native crypto. For context, in a recent X post, a renowned crypto market figure predicts XRP to hit $4.5 with a potential timeline. Top Expert Predicts XRP Price To Hit $4.5 The recent slump in the XRP price has weighed on investors’ sentiment, with many anticipating a further dip ahead. However, it appears that the recent crypto market crash is part of its ongoing rally. For context, a flurry of experts have previously said that some pullbacks in Bitcoin and the top altcoins are expected during the ongoing crypto market boom. However, despite that, market expert and renowned figure in the crypto market, Ben Armstrong, also known as The BitBoy, shared a bullish forecast for XRP. The influencer said that Ripple’s native crypto is gearing up for a breakout ahead. In a recent X post, BitBoy said that XRP is poised to hit $4.50 by this year’s end or as soon as January 2025. Source: The BitBoy, X This comment has fueled optimism in the market, especially after a robust rally in the crypto’s price recently. Ripple’s native crypto touched a high of $2.9 last week, indicating strong market confidence, but still waiting to break its ATH of $3.84 noted in 2018. Meanwhile, this comment also comes as anticipation soars towards a pro-crypto regulation in the US after Donald Trump’s election win. In addition, the resignation announcement of US SEC Chair Gary Gensler, whom many deem as an anti-crypto regulator, has further bolstered the market sentiment. What’s Next For Ripple’s Native Crypto? XRP price today was down nearly 12% and exchanged hands at $2.12, while its one-day trading volume soared 57% to $21.42 billion. Notably, the crypto has touched a 24-hour high of $2.46. Furthermore, XRP Futures Open Interest plunged 22% amid a gloomy sentiment in the broader market. Notably, the broader crypto market has faced massive liquidation, as investors appear to be taking a pause after the recent robust rally. Besides, top crypto market expert Ali Martinez has recently highlighted a bullish path ahead for XRP. In a recent X post, Martinez said that Ripple’s native crypto is likely to retreat to the $2.25 level, which would provide a buying opportunity for investors at a lower price. Additionally, he said that following the dip, the asset’s price will target the $4.40 level, sparking market optimism. Source: Ali Martinez, X In addition, another prominent market analyst EGRAG CRYPTO also shared a critical analysis for XRP. The analyst noted that XRP could continue its upward run after closing above the $2.70 next. Besides, he also noted that $1.96 is a critical level for Ripple’s native crypto, and defending the mark is crucial. In other words, as long as XRP holds above the $1.96 level, it could continue its run toward the north, the analyst said. Source: EGRAG CRYPTO, X The post XRP Price To Hit $4.5, Top Expert Reveals Potential Timeline appeared first on CoinGape .

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