Many assets in the cryptocurrency market are slowing down or starting to reverse previous gains. XRP is no exception, but some crypto trading experts believe that it could soon make an impressive recovery and even reach its all-time high (ATH). Crypto analyst Egrag Crypto, XRP He observed that it is mimicking its trajectory in 2021, which is pushing it towards the $1.80 price target. This means that the token could do the same this time, according to the expert’s X post on April 25.
XRP Price Prediction
As a matter of fact, in his analysis, the crypto expert stated that XRP’s “current trajectory shows that it could reach $1.4 by June-July, which is an important target,” and noted the price range between $1.2 and $1.8 as a “reasonable target.” , marking an increase of 133% or 250% from its current price.
With this, crypto- The seventh-largest asset in the market may be aiming for an even higher target that could take it to a new ATH of $4 (+678%) “if we follow a similar path to 2021.” However, Egrag Crypto also warned its followers to “stay steady” as this optimistic scenario focuses only on the 2021 movement.
At the same time, another crypto expert, CoinsKid, is not as optimistic, noting that XRP has rejected the important but $0.55 region again, commenting that such price action is “getting boring now” in an X post published on April 24 .
XRP Price Analysis
As reported by Koinfinans.com, XRP is at $0.515 at the time of writing. This represents a 4.44% decline in the last 24 hours, a 4.70% gain in the previous seven days, and a 19.83% decline accumulated on the monthly chart.
So why is XRP falling today? One reason for this could be news that Ripple is replacing it with stablecoin Tether (USDT) for its discretionary liquidity (ODL) customers in the US due to the blockchain company’s legal battle with the US Securities and Exchange Commission (SEC).
No surprises here. Navin Gupta was the first Rippler I heard on a YT interview who mentioned that other digital assets would increasingly serve as #Ripplenet bridges in the future. And as for those channels claiming $USDT is a scam… 😂 Oh, the twists of life.
It’s all about the… pic.twitter.com/0zlQ69pkWr— 🌸Crypto Eri 🪝Carpe Diem (@sentosumosaba) April 23, 2024
Meanwhile, Ripple’s defense team recently accused the regulator of ‘sandbagging’ the case and challenged the fairness of a proposed $2 billion fine for selling XRP to institutional customers, arguing that no more than $10 million would be appropriate.
As a result, XRP may post a strong recovery in the coming months. However, its regulatory woes are causing concern among investors and could negatively impact its price. Therefore, it is critical to do one’s own research and weigh the risks before investing in any asset.
