Ripple’s XRP token shows signs of a recovery, rallying 1.3% in the daily charts, 1.2% in the weekly charts, and more than 11% since October 2023. Despite the slight recovery, the asset is still down by 14.1% in the 14-day charts and 7.6% over the previous month.
Source: CoinGecko
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Factors Contributing To XRP’s Potential Surge And Future Price Predictions
The latest rally could be due to Bitcoin (BTC) reclaiming the $64,000 mark. XRP and the market resurgence may be due to the coming US Presidential elections. Many analysts anticipate a market-wide rally if Donald Trump enters the Oval Office after being voted out of power in 2020. Trump’s pro-business and pro-crypto policies may have led investors to take positions in the market.
How To Be A Millionaire When XRP Hits $4.5?
To have a million dollars worth of Ripple’s XRP token, when each coin is worth $4.5, you will need about 222,222.22 coins. The price of 222,222.22 XRP right now is about $117,777.77. If the trade is successful, your portfolio’s value will rise by about 749%.
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Predictions For XRP’s Price Target
While the rise is commendable, the question is when the asset will hit the $4.5 level.
According to Changelly, Ripple’s XRP token could hit the $4.5 target sometime in 2029, about five years from now. The platform predicts the asset will trade at a maximum price of $5.04 in 2029, a rise of about 850% from current levels.
Source: Changelly
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Telegaon analysts are more bullish on XRP than Changelly. The platform anticipates the asset to hit the $4.5 mark sometime in 2026, about two years from now. Telegaon predicts XRP to trade at a maximum price of $5.18 in 2028, a rise of about 877% from current levels.
Source: Telegaon
