This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Ripple’s native token, XRP, has experienced a recent price dip, falling from around $0.70 to approximately $0.60. However, analysts remain optimistic about its future prospects, predicting that it could reach new highs before the end of 2023, potentially surpassing $1.20 soon.
Analysts have outlined two possible scenarios for XRP’s future. The “Blue Route” suggests that the token’s price could surpass $1.20 in the coming weeks, with a potential all-time high of $5.50 by the end of 2024. On the other hand, the “Green Route” scenario indicates a short-term drop to $0.50, followed by a surge to $22.50 by mid-2024.
Support from major exchanges such as Coinbase, Kraken, Crypto.com, and Blockchain.com could contribute to XRP’s potential price increase. These exchanges have re-listed XRP after previously ceasing operations with the token due to legal issues.