$400 XRP Price Point: Analyst Breaks Down The Future Surge Date
February 15 2024 - 12:30PM
NEWSBTC
Amid the XRP price unfavorable market sentiment, Changelly, a
prominent global cryptocurrency exchange, has sparked new optimism
by predicting a potential surge in the token’s price. The crypto
exchange has projected new all-time highs for the cryptocurrency in
the upcoming years. Related Reading: Dogecoin Price Prediction –
DOGE Pump To $0.12 Seems Imminent XRP 2024 Price Prediction On
Wednesday, February, Changelly released a research report
projecting XRP’s monthly prices for 2024. The crypto exchange
emphasized XRP’s historical challenges, recounting significant
declines that caused the cryptocurrency to trade well below its
2018 all-time high of $3.84. Following an extensive analysis of
XRP, Changelly has predicted a 23.71% increase in the price of XRP,
surpassing current resistance levels at $0.5 and reaching $0.667 by
February 16, 2024. The crypto exchange noted that current technical
indicators signal a 28% bearish bullish market sentiment on the
token, alongside a Fear and Greed index reflecting high Greed at
74. Changelly has also reported a positive seven-day upward trend
for XRP, noting a $0.01 increase in the past 24 hours. The
cryptocurrency platform foresees the average price of XRP reaching
$0.617 by March, with a projected price range of $0.550 to $0.685.
Changelly forecasts that XRP will trade above the $0.50 mark in
April and May, reaching average price values of $0.562 and $0.573,
respectively. From June to September, the cryptocurrency is
expected to gradually approach the $0.60 mark, with the average
price values of XRP ranging from $0.55 to $0.59 during these
months. By November, the token is anticipated to break past
resistance levels, maintaining an average price of $0.662, with a
minimum and maximum value of $0.569 and $0.755, respectively.
Meanwhile, Changelly has predicted a surge in the average XRP price
to $0.695 for December, potentially reaching a peak value of
$0.829. Massive Price Surge In Upcoming Years In its research
report, Changelly provided a forecast of the token from 2025 to
2050. The crypto exchange platform anticipates big gains for the
cryptocurrency, expecting its price to exceed $500 in the coming
decades. Specifically for 2025 and 2026, Changelly projects XRP to
surpass the $1 mark and trade at an average price of $1.18 and
$1.72, respectively. The cryptocurrency is expected to slowly
increase over the years, surging past $2 mark in 2027 and
surpassing its all-time high of 3.84 for the first time to reach an
average price of $5.04 in 2028. In the decade from 2030 to 2040,
Changelly has predicted that XRP would trade at an average price of
$7.39 in 2030, rapidly gaining more momentum over the years to
reach a maximum level of $480.23 and a minimum of $413.15 in 2040.
Related Reading: Ethereum Bulls Keep Pushing, Why ETH Could Soon
Test $3K By 2050, XRP is projected to surpass the $600 mark and
trade at $625.74, with a maximum and minimum value of $690.55 and
$595.36, respectively. Chart from Tradingview
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