The market-wide surge, which may have been sparked by Donald Trump’s victory in the US presidential election, appears to be extending to Ripple’s XRP token. Bitcoin (BTC) surged to a new all-time high of $81,800 following Trump’s victory, and other cryptocurrencies followed suit.
Also Read: Massive 56% Gain Puts Shiba Inu on Track for a New High.
XRP is up 10.7% from the previous month, 3.8% from the daily charts, 17.1% from the weekly charts, and 15.4% from the 14-day charts. Even after the surge, XRP has lost 9.4% since November 2023. Despite the outstanding rally, XRP is still unable to break through the resistance level of $0.60.
Source: CoinGecko
Can XRP Hit $1 This Month?
CoinCodex researchers predict that Ripple’s XRP currency will reach its highest price of $0.79 this month, which it might do on November 15, 2025. The asset is expected to see a correction shortly after, falling to $0.62 by December 5, 2024, according to the platform.
Source: CoinCodex
Also Read: After Massive Surge, Dogecoin On Path to $1?
Changelly analysts also paint a similar picture for XRP. The platform anticipates the asset to hit $0.790537 on Nov. 14, 2024, before dipping to $0.673869 the next day.
Source: Changelly
Ripple’s XRP has had difficulty gaining traction in recent years, despite its global popularity and the settlement of its case with the SEC. From its peak of $3.40, reached in January 2018, more than six years ago, the asset has dropped 82.6%.
When Will The Asset Hit $1?
Hitting $1 from current price levels will require a rally of about 69.49%.
According to Telegaon, XRP could breach the $1 mark this year. The platform predicts the asset to trade at a maximum price of $1.28 in 2024. Despite the positive forecast, the platform does not clarify when XRP could hit $1.28.
Source: Telegaon
Also Read: BRICS Reject Single Currency Plan Amid Backtrack on US Dollar
Changelly analysts, on the other hand, predict XRP to breach the $1 mark in 2025. The platform anticipates the asset to trade at a maximum price of $1.18 next year.
Source: Changelly
