While most market assets were experiencing a slight downtrend, Ripple’s XRP was seen moving in a different direction. The altcoin witnessed a surge of nearly 5% over the past 24 hours. This comes after an eventful week. Throughout the last seven days, XRP increased by almost 10%. At press time, the asset was trading at $0.6486.
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XRP’s Recent Performance And Future Predictions
Relief For XRP Investors
The latest spike comes as a relief to XRP investors, who have struggled to move past the $0.60 level. However, given that the SEC’s appeal deadline in the Ripple case is October 6, things may go differently.
Community Sentiment
Following this recent spike, several in the community turned bullish about the altcoin. CoinMarketCap’s data revealed that 86% out of 22454 individuals were feeling confident about XRP. A dainty 14% were bearish about the asset’s potential rise.
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Can XRP Hit Reach $1 in October 2024?
October has historically been a great month for the cryptocurrency industry. In light of this, the market has been placing large bets on assets like Ripple’s coin. Changelly predicts that the average price XRP will trade is $0.737.
The altcoin will have to wait longer to reach the $1 mark. However, the asset is expected to drop to a low of $0.649 in October. Meanwhile, XRP will trade at a high of $0.826 during the same month.
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The firm revealed that XRP will rise to this high early this week. The altcoin will witness a 30% surge from its current price level and trade at a high of $0.825751 on October 3.
