Ripple Continues to Surge to $1.20, How High Can XRP Go?

The native token behind Ripple, XRP, has experienced a week-long rally, with its price nearing $1.20. XRP has surged nearly 10% in the past 24 hours to $1.17. Since the beginning of November, the token has been steadily rising, peaking at $1.19 on November 17.

Over the past seven days, Ripple’s native token has seen an impressive gain of 101.94%. In fact, it has skyrocketed by 114.33% over the past month.

Currently, XRP ranks sixth among cryptocurrencies with a market capitalization of $66.5 billion. Its fully diluted valuation exceeds $116 billion, with a circulating supply close to 100 billion tokens.

The price of XRP has shown an upward trend over the past month. XRP is among the major cryptocurrencies benefiting from Bitcoin’s explosive rise, which has been setting new all-time highs almost weekly. Crypto analyst Cryptoinsightuk tweeted,

“$XRP weekly, monthly, and three-month charts. Strip away the emotion and noise. Look at these candlesticks. Clearly, we’re not done with this month or the three months, but this thing looks ready to explode.”

Other crypto traders on X are also optimistic about XRP’s continued growth. Reports indicate that XRP saw a record surge of 30% on November 17.

According to Coincodex, XRP’s price range is projected to be between $0.69 and $3.09, with an average forecast of $1.66. However, DigitalCoinPrice predicts XRP could reach between $2.46 and $2.96, with an average price forecast of $2.80.

Sentiment: Neutral