Analyst Sees Double-Digit XRP Price—The Catch? Recapturing 2017 BTC Peak

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	92,199,385,070	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

92,199,385,070

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.080	5.19%	1.62	1.62	1.62

Price Change

Price Change %

Current Price

Bid Price

Offer

0.080

5.19%

1.62

High Price	Low Price	Open Price	Prev. Close	52 Week Range
1.65	1.52	1.53	1.54	0.382490 - 1.64

High Price

Low Price

Open Price

Prev. Close

52 Week Range

1.65

1.52

1.53

1.54

0.382490 - 1.64

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	09:47:54	2.35	1.62	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

09:47:54

2.35

1.62

USD

Price x Volume	Volume	Base Symbol	Related Pairs
262,840,269.85	166,360,453.96	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

262,840,269.85

166,360,453.96

Analyst Sees Double-Digit XRP Price—The Catch? Recapturing 2017 BTC Peak

28/11/2024 10:00pm

NEWSBTC

Experts are thrilled about the chances that XRP, the cryptocurrency linked to Ripple, will hit new heights. Recent trends show that it could reach $20 if it can regain its 2017 high against Bitcoin. This hopeful prediction is based on the fact that the altcoin has shown strong signs of recovery, having come back from a low point of $1.28 earlier this week. Related Reading: Shiba Inu Eyes Explosive Growth: Over 200% Surge Ahead, Analyst Says XRP’s Most Recent Performance XRP swiftly recovered from that low point, surpassing critical psychological levels at $1.3 and $1.4, and is currently pursuing a stable position above $1.5. The current market rally has led analysts to believe that the crypto asset may outperform Bitcoin due to its upward momentum. Crypto analyst CryptoBull has been particularly vocal about this potential, stating that if XRP can reclaim its 2017 peak against Bitcoin, the price could skyrocket to $20. Analyzing the #XRP price in Dollars vs Bitcoin shows us how early we are in this bullrun. We are still 1,500% behind in Bitcoin value compared to early 2017. If we meet the same Bitcoin value $XRP price will be around $20. pic.twitter.com/ofxd6Izv5g — CryptoBull (@CryptoBull2020) November 26, 2024 XRP has faced great difficulties in its competitiveness with Bitcoin since its all-time top of $3.31 in January 2018. The value of the cryptocurrency in respect to BTC has been dropping over recent months. Still, new data shows XRP has surged by an amazing 111% against Bitcoin this month, implying a possible breakout is about ready. Resistance Levels Broken In order for XRP to maintain its upward trajectory, it must overcome substantial resistance levels. In an effort to conclude the month above the descending trendline that has plagued XRP since July of last year, analysts are closely monitoring the price action. If successful, this could presage additional gains and corroborate a bullish breakout. The current trading value of the altcoin against Bitcoin stands at about 0.00001544 BTC and still remains much lower than it reached at its historical high. CryptoBull still sees hope, though, and believes a similar rally to that of the early 2017 market might send XRP right back into double digits. XRP: Predictions And Market Sentiment The broader cryptocurrency industry is also seeing a comeback while Bitcoin tries to break past the $95,000 level. Analysts believe that if XRP can turn the important $2 resistance level into support, then a fast climb towards $20 might be started. Related Reading: Critical XRP Warning: Analyst Flags Biggest Reason To Sell Apart from these technical factors, regulatory optimism also plays a role in how the market shapes its sentiment. The upcoming resignation of the SEC Chair, Gary Gensler, can lead to better regulatory conditions for cryptocurrencies like XRP, which further boosts the euphoria surrounding Ripple’s prospect. XRP is currently trading at approximately $1.47, which represents a 7% increase in the past 24 hours. Many investors are closely monitoring the altcoin as it navigates this critical phase of its market voyage, as analysts anticipate that bullish momentum will persist. Featured image from DALL-E, chart from TradingView

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