CoincodexA prominent data-aggregator in the cryptosphere recently forecast that Ripple will reach $0.66 by April 2024. This price increase coincides closely with the Bitcoin Halving, a highly anticipated event that has traditionally been a catalyst to significant growth within the cryptocurrency industry.
As of the time this article was published, XRP has fallen 6.3% in 24 hours. Ripple’s overall outlook remains positive despite this temporary dip. Crypto experts and analysts are predicting significant growth over the coming year.
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Changelly predicts Ripple prices that are promising
Coincodex is not the only source of crypto-data. ChangellyThe projection predicts that on April 20th, 2024, XRP is expected to reach $0.625107. The positive outlook of Ripple’s native token is further reinforced by this projection.
Experts in the crypto world have also weighed-in on XRP’s possible price trajectory. According to the fluctuating prices at the beginning 2023, the experts believe that in April of 2024 the average price for XRP will be $0.579 The experts have provided a range of prices for XRP, ranging from $0.495 to $0.663, with a minimum price of $0.495 and a maximum rate $0.663.
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Recent XRP Performance and the Market’s Sentiment
The performance of XRP has also been disappointing recently. XRP’s price has dropped by 20.2% in just 7 days. This shows the underlying negative sentiment of the market.
XRP also hasn’t performed very well in longer-term timeframes, as its performance was not impressive. It dropped by 17.5% over the last 14 and 30 days.
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Coincodex’s, Changelly’s, and other crypto experts have painted a picture that is positive for XRP, with $0.66 as a target price by April 20, 2020, a major milestone. Investors are watching closely to see if the XRP price can reach, or surpass these forecasts as Bitcoin Halving nears and sentiment in the market could shift bullish.
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Source: watcher.guru