Ripple (XRP) Poised To Hit $5 in 90 Days: Analyst
Ripple (XRP) has found renewed optimism so far in 2024. One prominent crypto analyst is reviving bold calls for Ripple’s native XRP to march back toward its all-time high, with $5 targeted in the next 90 days.
In a recent tweet, crypto trader EGRAG Crypto declared, “I expect XRP to surge into the $5 range” over the next three months. He views this hypothetical move as “wave 1,” kickstarting a prolonged bull run over an extended period. The pronouncement comes as XRP decisively moves higher, gaining 9.2% over the past 24 hours.
Also read: Here’s How Much $1,000 Invested in Solana (SOL) 3 Years Ago Would be Worth Now.
Such momentum has been lacking for Ripple’s token over the past few years amidst the ongoing SEC lawsuit alleging unregistered securities activities. Now clear of its 2022 lows, the $5 range represents a nearly 10x gain from current prices around $0.60.
Will XRP hit $5 in 90 days?
XRP still remains drastically below its January 2018 record of $3.84—over 80% lower. Research firm Changelly ventures $5 is more reasonable by July 2029, depending on shifting market conditions around Ripple XRP.
However, one potential catalyst could accelerate price gains: an XRP exchange-traded fund (ETF). Given XRP’s expanding utility for cross-border payments and liquidity management, its inclusion in an ETF would draw fresh institutional interest. The resulting demand influx could propel prices substantially higher.
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Ripple continues to push adoption by financial organizations and banks, leveraging its efficient blockchain. With Ripple emerging from its legal turbulence with momentum on fundamentals and price, calls for a return to former highs seem destined to intensify.
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