The official dismissal of the U.S. Securities and Exchange Commission (SEC) claims against Ripple CEO Brad Garlinghouse And his co-founder Chris Larsen has the predictions about the XRP price future trajectory. With the year is coming to an endSome financial experts are already looking to 2024 and have expressed their expectations about the XRP price in 2024.
XRP price could go above $1
Some financial specialists have offered their opinions on the price of XRP and factors that could ultimately influence the token’s trajectory. One of these experts is Gillian Dewar, Crediful’s Chief Financial Officer (CFO), who believes the token could go up to as high as $1 (and even go higher) based on certain conditions.
These conditions include the adoption rate of XRP and the state of the broader crypto market. Ripple used XRP as a utility token in processing cross-border transactions for its customers. These customers include global financial institutions, and Dewar believes that The adoption of XRPamong them, could have a significant impact on the token’s future price pattern.
Rising to $2
Financial analyst Lauren Yarpei did not provide an exact price that XRP could reach by early 2024, although she noted that some other financial experts predict the price could reach as high as $2 early next year.
Dom Farnell, co-founder of The Investors Center, is very bullish on the token as he labels XRP as one of the best altcoins. Although he did not provide a time frame, he believes that the XRP community will soon witness the token becoming a new all-time record (ATH).
XRP above $10
On the more optimistic side, crypto analyst Egrag Crypto believes that 2024 will be the year when the XRP price will experience parabolic growth. In an analysis on X (formerly Twitter), Egrag told their followers that the altcoin could explode 2,500% in 2024, which would mean the
In another prediction, Eggag has done just that outlined a possible XRP price move to $30, which would happen sometime in the bull market.
XRP showing strength | Source: XRPUSD on Tradingview.com
XRP price between $14 and $17
Another crypto analyst estimates the XRP price between $14 and $17 next year. Like Egrag, the analyst sees the altco crossing the $10 mark next year, something that would confirm the expected 2,500% increase.
On a longer-term basis, the analyst expects XRP to rise to $24 around 2026-2027. Once again we validate Egrag’s prediction for the altcoin price.
Send XRP to $500
Although the prediction from Wells Fargo manager Shannon Thorpis on a much longer time frame, it is important to mention that the analyst believes the XRP price will reach $500.
Thorp is taking advantage of the fact that Ripple is moving into the cross-border payments industry, and capturing a large chunk of that market share will send XRP soaring in no time. However, the analyst estimates the time frame for this to be somewhere in 2027.
Featured image from YouTube, chart from Tradingview.com