8 months ago
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Cryptocurrency exchange, Changelly, has predicted a major bullish upsurge for the XRP price. According to the exchange’s report, XRP is poised to rise to new all-time highs above $500 over the next two decades.
XRP Price To Surge Above $500
On February 27, Changelly published a research report on XRP’s growth potential, highlighting the cryptocurrency’s historical price movements and predicting a major price spike in a few years.
The crypto exchange provided a technical overview of the XRP price, emphasizing a prevalence of bearish indicators over bullish ones, with bearish trends accounting for 69% compared to the 31% bullish sentiment.
Despite this analysis, Changelly foresees a considerable upswing in the XRP price in the coming decades, estimating the cryptocurrency to trade at an average value of $563.32 by 2050. The projected trading range also includes a maximum cost of $634.05 and a minimum of $533.85.
Achieving this price surge would mark a historical milestone for XRP, particularly considering the cryptocurrency’s ongoing challenges in rebounding from bearish trends. “We may very well see XRP go to the moon again in the future,” Changelly stated.
XRP To Reach $1 By 2025
In the research report, analysts at Changelly provided a detailed forecast of XRP from 2024 to 2025. The report has predicted a surge in the average value of XRP to $0.603 in February 2024, with a projected maximum and minimum trading level at $0.669 and $0.537, respectively.
By March 2024, the exchange says the XRP price is poised to reach an average price of $0.637, with its expected price range trading between $0.732 and $0.542. Subsequently, Changelly has predicted that the cryptocurrency would experience a slight price correction around April and May, to trade at an average value of $0.549 and $0.556, respectively.
Changelly’s analysts have also revealed that XRP could potentially witness a significant price fluctuation between $0.549 and $0.583 by September, eventually stabilizing at an average price of $0.566. The crypto exchange has projected the price of XRP to slowly rise from an estimated average trading price of $0.638 in October to reach $0.817 in December.
In 2025, the price of XRP is expected to hit the $1 price mark for the first time since 2021, with an average price of $1.12. Changelly predicts that the cryptocurrency will surpass its previous all-time high of $3.84 to trade at an average price of $7.30 by 2030.
At the time of writing, XRP is trading at $0.554, reflecting a 2.81% increase in the last 24 hours and a 1.65% decline over the past seven days, according to CoinMarketCap.
Featured image from Bitcoinist, chart from Tradingview.com
