While the XRP token is down by over 90% from its all-time high, there is a chance that the 900-day downtrend will end soon and a significant surge will follow. Mathematicians believe that XRP has what it takes to trade anywhere between $5 to $26 eventually.
All financial assets have turning points. So, even if the price of XRP is still struggling against the USD, there is a strong chance that the token will make significant gains eventually. At the time of writing, the token had managed to move above the $0.2000 level for the first time in weeks.
It is trading at $0.202658. It is up by 2.69% against the USD and up by 0.70% against Bitcoin BTC. The trading volume over a 24 hour period is $991,288,080 and the market capitalization is $9,081,549,252. There is a strong chance that the token will move higher against the USD eventually.
These prices are possible but the $589 price prediction for XRP will never be possible no matter what happens to the token. The Fib retracement numbers usually show when resistance or support for a token. If the Fib extension for XRP ever gets to 1.618, there is a strong chance that the token will move as high as $5.60.
This will pave the way for even higher highs against the USD. If the Fib retracement gets to 2.618, the token will move as high as $9.10. When it gets to 3.618, the token will get to $12.50 and if it gets to 4.326, the price will move as high as $14.60.
- Ripple XRP Starts Gathering Momentum, Surges Above $0.2000 for the First Time in Weeks
- Analysts Deliberate on the Possibility of XRP Reaching its All-time High
- Does XRP Have What it Takes to Move Above $26?
Considering the current price of XRP and the price of the token over the last few years, it’s difficult to see the price of the token retesting its all-time high at $3.50. Several members of the XRP community still have faith that the token will gain higher against the USD.
Some people believe it can retest its all-time high, some believe it will even move as high as $26. Yesterday, members of the XRP community joked about the token reaching $589. All these prices are nothing but speculations. There is a strong difference between what members of the community want and what is mathematically possible based on technical, and fundamental analysis.
