Bitcoin (BTC), which is the largest cryptocurrency by market cap, continues to fall. It has now fallen under $57,000. BTC follows other assets in the market, and global capitalization is down 1.9% at $2.07 trillion.
Ripple XRP’s token follows along with the market trends, falling by 0.9% daily, 3.8% weekly, 6.3% 14-day and 5.5% in comparison to last month. XRP has gained 7.3% in price since September 2023, despite recent losses.
While XRP faces some hurdles at this time, most believe its value will eventually exceed $10. Find out the exact date.
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The Price of XRP Predictions and Possible Barriers
The XRP Price is Predicted to Hit $10
Changelly’s analysts believe that Ripple’s XRP token may reach the $10 price mark by 2031. It could potentially hit $10.77 at its highest. The current prices would have to rise by 1932% in order for the tokens to reach $10.77.
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Telegaon Bullish Forecast
Telegaon is slightly more optimistic about XRP than Changelly. It is predicted that XRP would break through the $10 threshold in 2020, four years hence, and that XRP could reach a price as high as $10.79.
How soon can the asset reach $10?
Ripple’s SEC lawsuit, filed in December of 2020, was one of many factors that impacted the price. The lawsuit is one of the reasons XRP didn’t reach a new high in 2021. Many other assets, however, did. Ripple paid a $125m fine to both parties in settling the lawsuit.
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XRP has already become a very popular currency for international remittances. XRP’s value could reach a new high after the court case is over. next The bull market is on. It is possible that the asset will reach the $10 mark much earlier than predicted.
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Source: watcher.guru