Will Ripple Hit $1 By May End?
Ripple (XRP) has always been at the center of heavy scrutiny and attention over the last two years. Ripple’s ongoing war with the US Securities and Exchange Commission has further pushed the XRP narrative to new levels, bringing in heavy-weight speculation towards the token.
In the midst of it all, several analysts are busy outlining prescient signs and signals, hinting at XRP’s prophetic price recovery.
Also Read: Ripple XRP to Hit $1.4: Here’s When
XRP $1 Prophecy: The Japan Connection
Ripple’s recent alliance with Hashkey Group and SBI Group is being dubbed a monumental feat for the token. With this alliance, Ripple is expanding its ecosystem in Japan, triggering analysts on X to forecast bullish predictions.
Per XRP Captain, a notable cryptocurrency analyst, XRP had earlier entered into a bullish phase in 2017, following the firm’s decision to explore and expand bases in Japan.
He shared how Ripple’s price breached new milestones in 2017, when Yoshitaka Kitao, the representative of SBI Securities, mentioned that all banks would use XRP. Kitao’s comment sparked a massive XRP rally, which ended up pushing Ripple’s price to a new high.
“Massive Partnership #Ripple & #HashkeyGroup & #Sbi Group. #XRP 2017 Bullrun Started Right After Yoshitaka Kitao Mentioned That All Banks Will #Japan Will Use #XRP. History Repeats #XRP Explosion💥🚀”
The analyst then merged the factual XRP insight encountered in 2017 with Ripple’s latest Japanese endeavor, outlining how history is repeating itself. He later shared how XRP may soon enter a bullish zone now that the prophetic connections are mixing again.
XRP Price Forecast for May 2024
Ripple’s stellar array of alliances and partnerships is defining the true path for XRP to broaden its horizons. Ripple is leaving no stone unturned to deliver unique use cases to XRP and help the token gain global prominence.
According to CoinCodex, while Ripple may show initial signs of struggle, its price may recover well post-May 20, 2024. XRP may trade at $0.63, breaking multiple price barriers to enter a partially bullish realm.
Also Read: Settlement Woes Weigh On XRP: Will Ripple Hit $1 Sooner Than Later?
“According to our current XRP price prediction, the price of XRP is predicted to rise by 19.42% and reach $0.613519 by May 30, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 67 (greed). XRP recorded 13/30 (43%) green days with 8.23% price volatility over the last 30 days.”
The platform predicts XRP to hit $1 by the end of 2024 while extracting support from increased usage and market momentum.
“XRP may trade within a range of $0.324984 and $1.586254. If it reaches the upper price target, XRP could increase by 210.08% and reach $1.586254.”
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