JUST

2024

The XRP price has staged a strong recovery this month, making it one of the best-performing top ten cryptocurrencies. 
Ripple (<a rel="" href="https://crypto.news/price/xrp/">XRP</a>) peaked at $1.6305 last week, rising 324% from its lowest point this year and pushing its market cap to over $81 billion. This valuation surpasses major global firms like Deutsche Bank, Marriott International, and BP. 
With XRP’s bullish trajectory, analysts have shared optimistic forecasts. Edo Farina, a long-term Ripple supporter, predicted in an X post that the coin could surge to $10 during this bull run. 
He cited fundamental catalysts, including expectations that Donald Trump’s victory could resolve Ripple’s ongoing conflict with the <a href="https://crypto.news/xrp-soars-nearly-25-after-gensler-exit-date-announced/" target="_blank">Securities and Exchange Commission</a> will be over next year. 
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 https://twitter.com/edward_farina/status/1860697982804344880 
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Meanwhile, Ripple and Archax have partnered to launch a tokenized fund on the XRP Ledger, signaling renewed activity on the network 
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Additionally, Ripple is developing RLUSD, a stablecoin intended to compete with Tether (<a rel="" href="https://crypto.news/price/tether/">USDT</a>) PayPal USD, and USD Coin (<a rel="" href="https://crypto.news/price/usd-coin/">USDC</a>). 
There are also rumors of Ripple launching an Initial Public Offering (IPO) in the coming years. A January <a href="https://www.cnbc.com/2024/01/17/crypto-firm-ripple-explored-ipo-outside-us-but-wont-go-public-soon.html" target="_blank" rel="nofollow">CNBC</a> report suggested the company postponed its IPO plans due to SEC challenges, a situation that could shift next year. 
<h2 class="wp-block-heading" id="can-the-xrp-price-jump-to-10">Can the XRP price jump to $10?</h2> 
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 Ripple price chart | Source: <a href="https://crypto.news/price/xrp/" target="_blank">crypto.news</a>
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The price of Ripple traded at $1.4381 on Nov. 25, requiring a 600% increase to reach $10. Such a move would exceed its recent performance but aligns with past trends, like its 1,800% jump from 2020 lows to its all-time high in 2021. 
The weekly chart shows that Ripple broke the significant resistance level of $0.9350, the neckline of a slanted triple-bottom pattern. The coin has moved above the 50-week and 200-week Exponential Moving Averages, suggesting positive momentum. There are also indications of a bullish pennant pattern forming. 
While XRP may continue climbing, potentially reaching its all-time high of $1.96 and further to $5, a leap to $10 in 2024 remains unlikely. 
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Can the XRP price realistically jump to $10 in 2024?

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