Recently, prominent U.S.-based exchange Uphold, known for its pro-XRP stance, sparked conversations in the crypto community concerning the outlook of XRP for the remainder of the year.
Taking to X, Uphold engaged its audience by asking, “By the end of the year, what will XRP be?” inviting them to fill in the blank. The post has garnered significant reactions from the crypto community.
XRP Projected to $35
Notable XRP community figure Bobby A suggested that XRP could rally above $1 by the end of the year. Several other community members echoed this sentiment, predicting that XRP would approach $1 before 2024, a threshold last seen three years ago.
At press time, XRP is trading at $0.5673, gaining 1.2% over the last 24 hours. However, its weekly performance remains down by 7%. From this level, XRP needs to rise by 76% to reach $1.
X user Amar Daroch speculated that XRP could reach at least $2 by the end of 2024. Another commenter predicted a more ambitious outlook for XRP by the end of the year, suggesting that XRP would become a significant player in the crypto space.
He expressed optimism that with Ripple’s legal issues resolved, XRP’s role in cross-border payments will advance. The commenter also anticipates that partnerships with major financial institutions will increase, boosting adoption and demand.
While acknowledging the uncertainty of exact price predictions, he noted that he would not be surprised to see XRP reach $5 by year’s end. Ultimately, this commenter views XRP as a transformative technology for global finance.
Meanwhile, one of the most audacious predictions for XRP by the end of the year resulting from Uphold’s inquiry is a target of $35. For context, XRP would need to rally by 6,069% over the next four months to reach $35, making this outlook highly speculative.
$35
— JR’s Transport, LLC (@RAWJR13) August 29, 2024
XRP to Tank to $0.25 Before Year End
While some commenters are optimistic about XRP’s prospects by the end of 2024, others have expressed skepticism. X user Pedro remarked that XRP could remain in its current sideways movement for the remainder of the year.
Another even predicted that XRP could crash to $0.25 before 2024 ends. These sentiments highlight the crypto community’s ongoing frustration with XRP’s recent performance.
XRP’s price action since the onset of this bull market has been discouraging. It registered only a 5% gain by the end of the fourth quarter of 2023, which was lost by the end of Q1 2024. During this time, other prominent crypto assets doubled or tripled in price, with some reaching new all-time highs.
Essentially, Uphold’s inquiry into XRP’s outlook for the end of 2024 has elicited mixed reactions, highlighting both optimism and frustration among community members. This move from Uphold comes as community members revisit the exchange’s earlier suggestions concerning XRP reaching $1,000 sometime in the future.
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