While the price of XRP (XRP) has been flashing red on all of its charts, multiple finance and cryptocurrency experts have shared their views regarding XRP price prediction for the end of this year, suggesting optimism from some and bearish sentiment coming from others.
Indeed, since the year’s turn, XRP has recorded largely unimpressive performance, but the recent increase in whale activity, which has seen an accumulation of over 50 million XRP tokens in the past 24 hours, offers hope that a breakout is possible in the near future.
Finder’s XRP price prediction 2024
In this context, a panel of 29 fintech experts at Finder has offered their views of the potential XRP price for the future, including at the end of 2024, setting its average price at $0.66 by the year’s turn, as well as $1.05 by the end of 2025 and $2.49 by 2030, as per data on August 19.
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Among these experts is Sathvik Vishwanath, the CEO of Indian crypto exchange Unocoin Technologies, who is the most bullish panel member, predicting XRP will trade at $1.50 by the end of the year, which would represent a gain of 153.59% from its price at the time of publication. As he explained:
“XRP’s price predictions are influenced by its unique positioning in the financial sector, especially its focus on cross-border payments and partnerships with major financial institutions.”
At the same time, Vishwanath has acknowledged that XRP “also faces regulatory challenges that could impact its long-term valuation” despite the potential for significant growth of the currently seventh-largest crypto asset by market capitalization.
On the other hand, John Hawkins, senior lecturer at the University of Canberra, is the most bearish among the panelists, with his prediction standing at just $0.30, or 49.28% lower than XRP’s current price, citing troubles with the United States Securities and Exchange Commission (SEC). As he argued:
“Legal arguments with the SEC have affected XRP’s price in the short run. But in the medium term, if Bitcoin’s price collapses, there will likely be a ‘contagion’ taking down XRP and most other coins.”
What other experts say about XRP price prediction
It is also worth noting that EGRAG CRYPTO observed the possibility of a breakout for XRP, in which case it could hit the price of $7.50 by the year’s end, provided that it follows what he referred to as the ‘Genuine Wake-Up Line’ and fully realizes the potential within the yellow triangle chart pattern.
More recently, another pseudonymous crypto market analyst, known as Crypto Michael, noted that XRP’s extended consolidation would set the stage for one of the largest rallies in the token’s history, stating that the “sacred XRP mega pump is imminent” towards year’s end in his X post on August 24.
At the same time, crypto expert Julius Rose also weighed in on XRP’s possible price performance, suggesting that the token’s inability to breach the $5 level could indicate that it was on the cusp of a major breakthrough, which he likened to it holding the “golden ticket to one giant leap.”
XRP price analysis
For the time being, XRP is changing hands at the price of $0.59151, which represents a 0.01% decline in the last 24 hours, adding up to a drop of 1.34% across the previous seven days while also accumulating a loss of 1.24% on its monthly chart, according to the latest data on August 27.
All things considered, analysts’ views reflect optimism regarding the future price of XRP. However, trends in the crypto sector can sometimes change on a whim, so doing one’s own research and keeping up with any relevant XRP news is critical when investing significant amounts of money.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
