Crypto exchange Changelly has a comprehensive price forecast for XRP. As part of this prediction, the platform stated that the crypto token would rise to $594 and provided a definitive timeline for when this would happen.
When will the XRP price rise to $594?
Changelly predicts that XRP will rise to $594 by 2050, which amounts to the maximum price level that the crypto token can achieve by then. Meanwhile, $512 and $540 are predicted to be the minimum and average prices for XRP during that same time frame.
Changelly also gave an overview of what XRP price would take place in the years leading up to 2050. Interestingly enough, they don’t provide XRP exceed $1 by 2024, as they set the maximum price of XRP this year at $0.85521447. However, a rise above $1 is expected by 2025 as the crypto exchange sets the maximum price of XRP in the year at $1.25.
Interestingly enough, while crypto analysts like Eggrag Crypto predicted that XRP will rise to $27 Changelly doesn’t see that happening anytime soon in the next bull run. Instead, based on their prediction, the earliest that XRP can reach that price level is sometime after the year 2033. They predict that the maximum price the crypto token can reach in 2033 is $23.94.
That price level is far from it Eggag’s prediction, which will set the price of XRP at $2,500 as early as 2029. Only time will tell which predictions come true as analysts continue to make bullish predictions about the price of XRP. So far the crypto token has not shown any positive sign to suggest that these bold predictions are feasible.
XRP price resumes uptrend | Source: XRPUSD on Tradingview.com
Update on XRP price action
Crypto analyst Dark Defender recently fitted with one update on the current price action of XRP using the daily time frame. He noted that XRP had moved towards the $0.52 and $0.53 price ranges as expected. Specifically, the crypto token would have closed above $0.5286, which was the target area, and a break on the Relative Strength Index (RSI).
The crypto analyst claims this is a “great sign” for XRP as it tries to break out of the crisis Resistance level at $0.60. Dark Defender seemed optimistic about this event as he expressed his joy that all is well with XRP on the chart at the moment.
He stated that he would be more excited if XRP breaks $0.6649 and then continues with the “initial Wave 3 Fibonacci target at $1.88.”
At the time of writing, XRP is trading around $0.52, down over 1% in the past 24 hours. facts from CoinMarketCap.
Featured image from The Cryptonomist, chart from Tradingview.com
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