XRP Price To Hit $3.4, Crypto Expert Reveals When

Attorney Bill Morgan weighed in on a conversation on social media platform X to drop a bullish prediction regarding XRP. Morgan, known for his bullish stance on XRP, recently voiced a bullish sentiment on how the cryptocurrency can reach its current all-time high of $3.4 despite theI think the market did care about the lawsuit but the impact on XRP price was baked… https://t.co/CNj7uUR9Bj

— bill morgan (@Belisarius2020) March 8, 2024

XRP To Hit $3.4

XRP’s current all-time high of $3.4 was registered in January 2018. However, the cryptocurrency’s growth has mostly been deterred since 2020 by the SEC’s lawsuit with Ripple. Major headways came last year when a ruling gave XRP legal clarity in the US to give the crypto some breathing space amidst the legal turmoil.

How To Get Free Crypto  

Although the lawsuit is yet to be concluded with the SEC being able to file an appeal, Morgan believes “the market will react positively” to XRP. His view came in a discussion on social media which started amidst Bitcoin reaching a new all-time high above $70,000

XRP market cap currently at $33.7 billion. Chart: TradingView.com

While reacting to the new Bitcoin all-time high, Morgan noted that the time is now ripe to stock up on more XRP. However, another investor known as Sherrie expressed an opposing sentiment, revealing that she actually plans to reduce her exposure since the SEC can file for an appeal at any time regarding XRP’s legal status as a security.

Morgan would go ahead to clarify that the SEC has said it will not appeal the ruling. He also noted four prerequisites that must be met before XRP can start to grow naturally. First is legal clarity on XRP, the conclusion of the ongoing lawsuit, XRP being sold on US exchanges, and XRP’s adoption in cross-border payment and liquidity solutions in the US.

Two of these conditions (1 and 3) have materialized already since July 2023. The attorney pointed out that although the second and fourth conditions are important, XRP can still reach a new all-time high even if they are not met yet. 

Coinbase Banner  

What This Means For XRP

XRP is trading at $0.6244 at press time and up by 19% in the past 30 days, largely underperforming the likes of Bitcoin, Ethereum, and DOGE who are up by 50%, 60%, and 115% in the same timeframe. Interestingly, a surge to $3.4 would represent a 440% return for those buying in at the current price level. The first step toward XRP reaching a new all-time high would be to surpass $1.

Featured image from RDNE Stock project/Pexels, chart from TradingView

Go to Source
Author: Scott Matherson

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

You May Also Like

More From Author

This site uses Akismet to reduce spam. Learn how your comment data is processed.