Ripple (XRP) was entangled in a legal battle as the SEC filed a lawsuit claiming it to be a security. However, the tides turned in Ripple’s favor when Judge Analisa Torres ruled that XRP is not a security, dealing a significant blow to the SEC’s case. Following this favorable ruling, XRP experienced a remarkable surge of 75%, soaring to a peak of $0.82. The cryptocurrency is now witnessing a surge in bullish sentiments, with expectations to surpass the $1 milestone and further progress in the market, aiming to breach the $2 mark.
While some experts speculate about the possibility of XRP reaching $2, the specific timeframe for achieving this target remains uncertain. This article aims to shed light on the potential timeline for Ripple’s native token XRP to surpass the significant milestone of $2.
AI Algorithm Predicts Bright Future for Ripple (XRP): Potential Rally Ahead
Price Predictions, the leading AI algorithm, has unveiled an optimistic outlook for XRP in the upcoming months. Following the court ruling, which declared XRP as not a security, the AI algorithm provided a new forecast suggesting a potential rally for the cryptocurrency within the next 12 months.
According to Price Predictions, XRP could surge above the $1 mark by January 2024 and maintain stability for the following two quarters. The forecast further indicates that XRP might surpass $2 in August 2024 and remain relatively stable for the year. The highest point XRP could reach in 2024 is estimated to be $2.30, as predicted by the algorithm.
This projection suggests a considerable uptick and potential return on investment (ROI) of approximately 190% from its current price of $0.82. For instance, an investment of $1,000 at the current price could yield $2,900 if the prediction materializes. However, it is essential to note that cryptocurrency markets are highly volatile, and price spikes are not guaranteed. Investors are advised to conduct thorough research before considering an entry position into Ripple’s native token XRP.