Ripple’s native token is currently trading at $0.62 and is up nearly 25% in the last 30 days. The cryptocurrency market is attracting heavy bullish sentiments and investors who took an entry position early this year have reaped good profits. XRP is among the top-performing altcoins this month as its market cap climbed above the $33 billion mark. The broader cryptocurrency market is up after Bitcoin breached the $69,000 level this week.
Now that Ripple’s XRP is heading north, will the leading cryptocurrency climb above the $1 next? In this article, we will highlight a price prediction on how high XRP could trade this year.
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Ripple: XRP Aims To Breach $1
Ripple’s native cryptocurrency XRP is now aiming to breach the $1 mark this month. The bulls are investing heavily into the altcoin making its price propel to new weekly highs. So will XRP climb above $1 in the coming days generating massive profits? Let’s find out.
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XRP mostly moves in tandem with Bitcoin which dictates its price movements. If Bitcoin maintains its positive momentum and goes above $70,000 this month, then XRP’s chances of hitting $1 become higher. Additionally, Ripple’s payment system has laid out a strong foundation for banks and financial establishments to use its services.
The more use-cases Ripple gains, the better price prospects XRP stands. Ripple provides payment solutions to several banks around the world facilitating ease of transactions with faster and safer transactions.
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Therefore, if Bitcoin performs well this week, the use-cases of Ripple could bolster XRP ahead in the charts. The first target for Ripple this month remains firmly at the $1 level.
At press time, Ripple was trading at $0.62 and is up nearly 1.5% in the 24-hours day trade. However, Ripple is down close to 82% from its all-time high of $3.40, which it reached in January 2018.
