XRP Climbs above $0.60 as Price Predictions Call for $1.00 Soon

XRP is back up after staying flat for a few days. Now that the cryptocurrency market is gaining, XRP is benefitting from the bear trend with an upswing of its own.

The token gained 2% already for Monday morning and continues to rise. Its movement over the last week has been mostly flat, with a gain of only 0.66%. Compare that to major tokens like Bitcoin (up 3%), Ethereum (up 3.15%), and Bitcoin Cash (up 5.62%) which all gained over the last week.

XRP is more in line with the somewhat flat performance of Shiba Inu (down 0.54%), Dogecoin (down 0.84%), and BNB (up 0.73%). But do not let the 7-day total fool you. This coin is surging now and could rise much higher by the end of the day.

The last seven days have been mostly slow as Bitcoin struggles to get above the $70k mark. Now that it is there and moving higher, we should expect a better performance from many of the other tokens.

Where Is XRP Going?

Price predictions place XRP as reaching $1 in the near future. That may be extremely hopeful thinking, though, as XRP has stayed between $0.50 and $0.70 for much of the last 12 months. We have not seen a major bearish trend that has lasted for very long with this coin, so while it has the potential to be a solid investment, we do not see strong potential for major growth just yet.

XRP is simply too much in the shadow of Bitcoin to have a lot of momentum on its own. If Bitcoin continues to grow this year, XRP may do okay, but it has not had the tremendous success of its counterpart so far in 2024.

XRP is likely to climb to $0.70 soon, but it may meet its resistance level there. The coin has had a lot of trouble moving past that mark in the past, and all indications point to similar difficulty this year.