XRP Price Prediction: Pushing Past $1 Billion in Trading Volume – What’s in Store for 2024?
XRP, Ripple’s native token, has resumed its upward movement, rising by over 2% over the past day generating a whopping $1.19 billion trading volume.
The rally comes as the cryptocurrency has shown resilience and has been making headlines over the past year despite the legal challenges.
According to data from CoinMarketCap, XRP has gained more than 80% over the past year, showing excellent performance in a year marked by a rebound in cryptocurrency prices.
As of December 25, the digital currency is trading at $0.633, marking a marginal 2.7% increase over the last 24 hours.
Its significant trading volume places XRP as the sixth-largest cryptocurrency with a market cap exceeding $34 billion.
Notably, it is not uncommon for XRP to record daily trading volumes exceeding $1 billion, which indicates that there is still significant interest and activity in the XRP market.
XRP Price Prediction
Currently, XRP is trading at $0.63, grappling with breaching the $0.65 mark amid a market leaning towards fear, according to the Fear and Greed index.
Over the past week, XRP experienced a slight 2% dip, encountering resistance at $0.67 and finding consistent support around $0.55, indicating a relatively steady market with limited bearish momentum shifts.
Aside from $0.67, another critical resistance level is at $0.71.
This specific price level marks the point where XRP underwent a significant decline in November, resulting in a notable decrease in its value.
The level acts as a mental threshold and a critical juncture for XRP, which it needs to surpass to change its current downward trend.
Breaking through this barrier might spark a wave of positivity among investors, possibly initiating an upward, bullish movement in 2024.
This New Altcoin Set to Outperform Ripple’s Native Token
With XRP’s situation still tied to the ongoing Ripple-SEC case, some traders are turning their attention to alternative cryptocurrencies.
Currently, the market is seeing an array of promising new coins poised for significant growth in early 2024, including a number of presale tokens gaining traction as they gear up for their market debut.
Among these, Bitcoin Minetrix (BTCMTX) stands out as a particularly promising option.
This Ethereum-based platform, which enables users to mine Bitcoin (BTC) by staking its native BTCMTX token, has already garnered over $5.7 million in a highly successful presale.
Marking another major success for #BitcoinMinetrix!
Surpassing the $5,600,000 milestone! 🔥 pic.twitter.com/NtuEkIuHA8
— Bitcoinminetrix (@bitcoinminetrix) December 21, 2023
The platform’s unique approach allows users to earn Bitcoin through tokenized mining credits obtained by staking BTCMTX.
The timing of Bitcoin Minetrix’s launch in the first quarter of 2024 aligns well with the approaching Bitcoin halving, adding to its appeal.
The opportunity to earn passive income by staking BTCMTX is another factor contributing to its popularity.
Bitcoin Minetrix is shaping up to be a lucrative platform, with its presale still open to new investors on the Bitcoin Minetrix official website.
The platform’s user-friendly design and robust fundamentals have already made it one of the standout presales of the year.
With its launch imminent, Bitcoin Minetrix is expected to experience a significant surge in value upon listing on trading platforms in the coming weeks.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
