News
  • ๏ปฟAnjali Belgaumkar
    author-profile

    ๏ปฟAnjali Belgaumkar right arrow

    Author

    Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โ€œEnthusiastโ€ but trust me I'm getting there.

    • author twitter
    • linkedin

  • 1 minute read

XRP Price News: $29.32 or $0.13? Bitwise Breaks Down the Possibilities

  • currency-symbol XRP $ 2.14 (-3.40%) top looser
Story Highlights
  • XRP trades sideways despite SEC win, facing resistance at $2.50โ€“$2.80. A breakout is needed for bullish momentum.

  • Bitwise predicts XRP could hit $29.32 by 2030 if it dominates payments & tokenization, but a bearish case puts it at just $0.13.

Despite the recent victory in the SEC vs. Ripple lawsuit, XRP’s price hasn’t seen much movement. The 3-day chart still shows a clear bearish trend, with the token stuck in a pattern that suggests no major bullish momentum is expected in the near future.ย 

On the resistance side, XRP is facing short-term resistance at around $2.50 and $2.56. If the price manages to break above these levels, there is further resistance between $2.65 and $2.80.

Sideways Movement Continues for XRP

For the time being, XRP’s price action remains largely neutral, bouncing between support and resistance levels. There is a lack of strong directional momentum, with both short-term bullish and bearish price movements occurring intermittently. This sideways price range is expected to continue unless a significant breakout or breakdown occurs.

Short-Term Pullback and Potential Support Levels

Looking at the shorter 8-hour time frame, XRP is currently experiencing a pullback. This could potentially lead to a test of support levels between $2.24 and $2.30. If the price breaks below this area with confirmation, the next significant support zone would be between $1.95 and $2.05.

Bitwiseโ€™s Price Prediction for XRP by 2030

Bitwise, a cryptocurrency fund manager, believes XRP could reach $29.32 by 2030 if it captures a large share of the payments and tokenization markets, greatly increasing its value. XRP’s market cap could grow to $2.9 trillion, more than Microsoftโ€™s. In a “bull” scenario, XRP could reach $12.70 by 2030 if it grows steadily, although it may face challenges in payments and tokenization. On the other hand, if XRP struggles to gain traction and institutional support fades, its price could drop to just $0.13 in the worst-case “bear” scenario.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQs

Why is XRPโ€™s price not rising despite Rippleโ€™s SEC victory?

XRP remains in a sideways trend, with strong resistance at $2.50โ€“$2.80. Without a breakout, bullish momentum is unlikely in the short term.

Can XRP reach $29 by 2030?

If XRP dominates payments and tokenization markets, its market cap could hit $2.9T, making $29.32 possible, per Bitwiseโ€™s analysis.

Bitwiseโ€™s XRP price prediction for 2030?

Bitwise forecasts XRP at $29.32 in a bullish case, $12.70 with steady growth, and $0.13 in a bearish scenario if adoption slows.

Show More

Related Articles

Back to top button