The official dismissal of the US Securities and Exchange Commission’s (SEC) claims against Ripple’s CEO Brad Garlinghouse and its co-founder Chris Larsen has reinvigorated predictions about the XRP price future trajectory. With the year coming to a close, some financial experts are already looking to 2024 and have made their expectations known as to the XRP price in 2024.
XRP Price Could Go Above $1
Some financial specialists have given their thoughts on XRP’s price and factors that could ultimately affect the token’s trajectory. One of these experts happens to be Gillian Dewar, the Chief Financial Officer (CFO) of Crediful, who believes that the token could rise to as high as $1 (and even go higher) based on certain conditions.
These conditions include XRP’s adoption rate and the state of the broader crypto market. Ripple uses XRP as its utility token in processing cross-border transactions for its clients. Some of these clients include global financial institutions, and Dewar believes that XRP’s adoption, among them, could have a significant impact on the token’s future price pattern.
Rising To $2
Financial analyst Lauren Yarpei didn’t give an exact price that XRP could attain at the start of 2024, although she noted that some other financial experts project that it could rise to as high as $2 at the start of next year.
Dom Farnell, a co-founder of The Investors Center, is really bullish on the token as he labels XRP as one of the best altcoins. Although he didn’t give a timeframe, he believes that the XRP community will soon witness the token hitting a new all-time high (ATH).
XRP Above $10
On the more optimistic side, crypto analyst Egrag Crypto believes that 2024 will be the year when the XRP price experiences parabolic growth. In an analysis posted on X (formerly Twitter), Egrag told their followers that the altcoin could explode 2,500% in 2024 which would mean that the XRP price climbs above $10.
In another prediction, Egrag has 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 puts the XRP price between $14 and $17 in the upcoming year. Like Egrag, the analyst sees the altcoin crossing the $10 dollar mark next year, something that would validate the expected 2,500% move upward.
On a longer time frame, the analyst expects XRP to climb as high as $24 around 2026-2027. Once again, validating Egrag’s prediction for the altcoin’s price.
Sending XRP To $500
Although the prediction of Wells Fargo Manager Shannon Thorp, is on a much longer timeframe, it is important to mention that the analyst believes that the XRP price will reach $500.
Thorp uses the fact that Ripple is moving into the cross-border payments sector, and capturing a good portion of that market share will send XRP surging in no time. The analyst, however, puts the timeframe for this sometime in 2027.
Featured image from YouTube, chart from Tradingview.com