XRP falls by 15%, but long-term price forecast remains optimistic

Bitget2024/01/29 15:06

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Despite XRP falling by 15% in the past month, hovering around $0.52, some analysts and institutions remain confident in its future value. The Czech cryptocurrency exchange Changelly predicts that the price of XRP could rise to over $0.65 by the end of January, reach $0.72 on February 1st, then start to fall, dropping to $0.55 by February 27th. Changelly is very optimistic about long-term performance, predicting that the price of XRP will be $1.25, $1.84 and $2.70 respectively in the next three years. In addition, they predict that by 2050, the price of XRP will reach an astonishing $594.

Twitter user Dark Defender stated that XRP successfully broke through resistance at $.5286 in recent days indicating a potential short-term increase to $.60 and further rising towards a Fibonacci target of $1.88. Furthermore EGRAG CRYPTO predicts that XRP's price may surge to as high as$1:40 this April before setting a new historical high at five dollars. It's worth noting Ripple plans for a significant trial with US Securities Exchange Commission (SEC) on April 23rd which could impact both prices for XPR and trends within entire cryptocurrency market.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Goldman Sachs Asia-Pacific Chief Equity Strategist Timothy Moe maintains a KOSPI target of 12,000 points, implying an almost 80% increase from the current level. He points out that the market is systematically underestimating the sustainability of the AI storage chip profit cycle. Capital expenditures by US tech giants may exceed $1.2 trillion next year, and the chip shortage triggered by data center expansion will further intensify in 2027. The current KOSPI is trading at only 5.3 times expected earnings, about half of its historical average.

华尔街见闻•2026/09/07 01:26

Norwegian sovereign wealth fund may cut $80 billion US Treasury holdings; high-rated mortgage securities expected to become new favorites

Norway's sovereign wealth fund, with a scale of $2.3 trillions, has recommended reducing government bond holdings and reallocating funds towards higher-yielding fixed income assets.

智通财经•2026/09/07 01:21