A leading market analyst predicts that XRP could reach $4.5 in the coming days, raising optimism for a potential rally in Ripple’s native cryptocurrency despite recent market volatility.
Key Highlights
- A prominent crypto expert forecasts XRP reaching $4.5 soon.
- Another analyst suggests XRP could hit $4.4 if it maintains support above a critical level.
- The bullish outlook persists despite XRP’s recent 12% price drop during a broader market correction.
Recent Market Activity
XRP has faced significant volatility, losing approximately 12% of its value in the past 24 hours amid a general crypto market downturn. However, market experts remain optimistic, interpreting the pullback as part of a larger rally. In a recent social media post, Ben Armstrong, also known as BitBoy, predicted XRP could reach $4.50 by the end of this year or early 2025, fueling market enthusiasm.
Analysis and Future Outlook
- XRP recently surged to $2.9, showcasing strong market confidence, though it remains below its all-time high of $3.84 recorded in 2018.
- Bullish sentiment is further supported by potential pro-crypto regulatory shifts in the U.S., including the resignation of SEC Chair Gary Gensler and anticipated policy changes under Donald Trump’s presidency.
- Analyst Ali Martinez suggests XRP could retrace to $2.25, offering a buying opportunity before advancing toward $4.4. Similarly, EGRAG CRYPTO emphasizes the importance of holding above $1.96 to sustain upward momentum.
Current Market Metrics
XRP’s price currently stands at $2.12, down 12%, with a 24-hour trading volume up by 57% to $21.42 billion. Despite the downturn, experts project that XRP could continue its upward trajectory, provided critical support levels are maintained.
