Is XRP Likely to Reach $2 by Thanksgiving 2024? – Predictions
Ripple’s XRP has had its fair share of ups and downs in the cryptocurrency market, facing regulatory scrutiny and market backlash. However, it looks like XRP is on a positive trajectory. Recently, the altcoin has shown significant growth, crossing the $1 mark and potentially heading towards $2. But the big question is, will it reach $2 before Thanksgiving 2024?
In the past week, XRP has surged by over 25%, moving from a low of $1.09 to a high of $1.62, instilling hope in investors. Despite a slight 10% dip on Sunday, the altcoin is now showing signs of recovery with a 1% increase in the last 24 hours and is currently trading at $1.47.
Over the weekend, Ripple’s Chief Legal Officer, Stuart Alderoty, celebrated a major win against SEC Chairman Gary Gensler, highlighting Ripple’s resilience in the face of regulatory challenges. This victory is seen as a positive step in the battle against regulatory hurdles in the crypto industry.
Looking ahead to Thanksgiving, it’s predicted that XRP may experience a temporary setback, with the coin expected to trade around $1.22 on the holiday. Leading up to Thanksgiving, XRP’s price is forecasted to be at $1.40 and $1.21 on November 26 and 27, respectively.
While XRP investors may need to wait a bit longer for the coin to reach $2, a surge of over 35% from its current price level will be required to hit that milestone. As always, it’s essential for investors to conduct their own research and seek advice from financial professionals before making any investment decisions.
