Analysts have continued to weigh in on the future of XRP since Ripple’s partial triumph over the US Securities and Exchange Commission (SEC) in July, mainly projecting a favorable price trajectory for the altcoin. One of such analysts says new signs show XRP could hit a 25x price pump by 2024.

Over the past few months, prominent cryptocurrency XRP has continued to be one of the critical topics of conversation in the crypto world.

According to the most recent development, XRP could be in line for significant increases in 2024 based on historical pricing data, according to a crypto expert, EGRAG CRYPTO on X.

Will The Signs Showing XRP Could Hit a 25x Price Pump by 2024 Cause a Repeat Price Rally?

New Signs Show XRP Could Hit a 25x Price Pump by 2024

In a post on X on September 12, EGRAG CRYPTO claims that XRP has “incredible potential.” The expert forecasts a potential market gain of 2500% in 2024 using information from the cryptocurrency chart on Tradingview.

Based on the price performance of the coin, EGRAG CRYPTO has an optimistic forecast that XRP could hit a 25x price pump by 2024.

Between 2016 and 2018, XRP experienced a solid bullish run after establishing a symmetrical triangle pattern, as seen on the token’s monthly chart.

In this case, a symmetrical triangle chart pattern denotes a period of consolidation that may lead to either a price breakout or a breakdown. IF THE BULLISH PROGNOSIS PANS OUT, the XRP coin could undergo a similar price breakout to earlier instances.

Sharon Thorp, a cryptocurrency analyst, and business development officer at Wells Fargo, recently predicted that XRP might trade at $500 in 2027. This prediction is in line with EGRAG CRYPTO’s prognosis.

This forecast is based on the expected expansion of the cross-border payments sector, which is anticipated to grow to a $250 trillion market by 2027.

But even while these forecasts might inspire the XRP community, they are subjective guesses and shouldn’t be taken as investment advice.

Will There Be Hard Times For Ripple Even With The Signs Showing XRP Could Hit a 25x Price Pump by 2024?

Although there may be optimism for XRP’s possible acceptance in the upcoming years, some analysts think the coin may face difficulties in the remaining months of 2023.

In a recent X post, pro-XRP analyst Jungle Inc 2.0 predicted that the remainder of 2023 would not be favorable for either XRP or the overall crypto market. The crypto analyst based this forecast on “tough financial times” due to the US Federal Reserve raising interest rates.

Investors should also remember that Ripple is still fighting the SEC in court. In a recent petition, the US securities watchdog pleaded with the court to grant its request to review the recent decision in its lawsuit against Ripple.

XRP is trading at $0.4805, down 4.32% over the past week. With a market cap of $25.46 billion, the altcoin is still the fifth-largest cryptocurrency.

In our opinion, the crypto market is dynamic and unpredictable. Hence, investors need to do their own research before taking any speculations as financial advice.

On the other hand, not buying the rumor sometimes could mean you will lose out on massive gains in the future.

That said, if these predictions come through, the price of XRP and rating would shoot upwards dramatically.