According to CryptoPotato, XRP has experienced a 15% drop in the past month, currently trading at around $0.52. Despite this decline, some analysts and entities remain confident in its future growth. Czech Republic-based cryptocurrency exchange Changelly, with over 2.5 million active users, predicts that XRP could rise above $0.65 before the end of January and reach $0.72 on February 1 before starting a new downfall to $0.55 by February 27. The organization is optimistic for the long term, setting price targets of $1.25, $1.84, and $2.70 for the next three years. Furthermore, it forecasts that XRP could be worth an astonishing $594 by 2050.
Twitter user Dark Defender also shared their analysis, suggesting that the coin has successfully overcome the $0.5286 resistance level in the past few days. The analyst sees this as a precursor to a short-term jump to $0.60 and a subsequent rally toward the previously discussed Fibonacci Target of $1.88. Recently, EGRAG CRYPTO predicted that XRP could spike to $1.40 by April this year and then proceed to an all-time high of $5.
Interestingly, Ripple is scheduled to meet the United States Securities and Exchange Commission (SEC) on a grand trial on April 23, an event that could impact the price of the asset and the dynamics of the entire cryptocurrency market.