Vlad from CoinPedia Analytics examined the potential for Ripple's XRP to reach $1 within the next 15 days. At the beginning of the year, XRP was valued at $0.6295, and it has since climbed to $0.7965, reflecting a year-to-date growth of 26.52%.
Ripple’s XRP has had a relatively good start to 2023, with gains of over 26%, outpacing Bitcoin and Ethereum. However, some analysts believe XRP may continue to lag in this bull cycle. Despite this, XRP supporters remain optimistic, pointing to the cryptocurrency’s past performance and recent price action.
With XRP showing signs of lagging behind other major cryptocurrencies in the current bull cycle, some analysts believe this may continue. However, supporters of XRP remain optimistic, highlighting the cryptocurrency’s past performance and recent price action, which could lead to a possible rally.
According to CoinPedia Analytics, XRP is currently trading at $0.7965, showing gains of 26.52% in 2023 so far. The cryptocurrency began the year at $0.6295 and has risen to $0.7965,outpacing Bitcoin and Ethereum, which have risen by 98.13% and 57.99%, respectively.
Moreover, XRP outperformed major cryptocurrencies like Bitcoin, Ethereum, and Solana with gains of 15.4% in the past 24 hours. Comparatively, Bitcoin and Ethereum rose by 0.6% and 4.2%, respectively, while Solana slipped by 0.2%.
The price of XRP has been rising steadily since November 5, showing a 57.99% gain. The cryptocurrency started the day at $0.4969 and reached a high of $0.7965, outperforming the market.
With XRP rallying and outperforming other major cryptocurrencies, some analysts are projecting ambitious targets. Javon Marks, a cryptocurrency analyst, suggested that XRP could rally to $15 in the next bull cycle.
However, it’s important to note that XRP is yet to fully recover from the bear market, having started 2023 at a price that’s significantly lower than its all-time high. Moreover, the cryptocurrency is facing a lawsuit by the SEC, which could impact its performance.
