XRP's latest bout of volatility, or the lack of it, means experts are busy making predictions about the altcoin's next market phase...
, the seventh-largest crypto by market capitalization, has seen a significant decline in volatility lately. In doing so, it has fallen below levels last seen back in 2017.Mikybull Crypto, this decrease in volatility could indicate a potential breakout, similar to the price surges seen in 2017 and 2020. Needless to say, the possibility of an impending rally has drawn considerable attention from market watchers.insights from fintech experts regarding XRP’s price outlook for 2024.
He attributes this optimism to XRP’s unique value in facilitating cross-border payments and Ripple’s strategic partnerships with key financial institutions. Mitesh Shah, Founder of Omnia Markets, shared a more conservative estimate. He predicted XRP would reach $0.75 by year-end. Shah’s projection is based on factors including the momentum from Ripple’s positive developments, the increasing regulatory clarity, and the supportive environment of the current bull market.
Both experts share the view that XRP’s utility and current pricing position it well for long-term gains. In fact, Levy’s target represents an over 1,031% growth from its press time level.heightened activity in XRP’s market. In fact, XRP’s trading volume has surged by 62.56%, hitting $2.09 billion. However, Open Interest — A key indicator of the total number of outstanding derivative contracts — declined by 7.37%, with figures of $630.60 million.
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