XRP Price Analysis: Can Ripple Recover Above $1 This Year? Technical Analysis Gives Surprising Answer

During the year 2024, cryptos will boast increased growth and popularity while Ripple’s XRP takes front row in discussions as investors question its capability to trade higher than the important $1 level. As the legal case against the operations of Ripple continues, XRP’s fate is still uncertain due to its regulator, the U.S. Securities and Exchange Commission (SEC). Since then, there are many sources of pessimistic factors that hinder any kind of raise; yet, there are some signs that give hope for the raise.

Can XRP Recover Above $1?

The big question remains: Will XRP be able to trade above $1 before year end? The answer to this question implies the analysis of the situation on the market and evaluation of the technical conditions of the organization.

The legal case with the SEC remains effectively undecided for XRP, making it somewhat risky. The latest appeal by the SEC has further postponed the result which is not good for investors who are now on the edges. But if Ripple gets another positive decision, there is a great possibility that XRP will have an explosive movement and may go back to $1. Also, Ripple’s co-founder Chris Larsen, announced a $10,000,000 donation toward Kamala Haris, the sitting vice-president. This sparked debate among investors, about the future outlook of the coin and if a $1 rally is even possible.

But from a purely technical view, XRP has some ground to cover before achieving this. The coin encounters major resistance at $0.70 and unless it breaks this level it will not be easy for the coin to rise again above $1. However, the Relative Strength Index (RSI) of XRP is at the same level as the oversold value which is quite favorable for near-term bounce back. Currently it’s holding its accumulated support near $0.50, trading at $0.52. These factors can mean that XRP has potential for growth both in case of the market situation improvement and positive shifts in legal regulation.

IntelMarkets (INTL): Ripple Killer?

IntelMarkets (INTL) is quickly becoming popular for launching a trading platform that incorporates AI and DeFi solutions. XRP by comparison is out of poorer growth prospects due to its low market cap and presale promotions. Those investors who are in search of huge opportunities to make a breakthrough, can find INTL, having raised more than $1.5 million already, even more attractive given the analyst stations that estimate a 75 times multiple after its ICO.

IntelMarkets (INTL) offers much higher potential for further growth as the market is rapidly developing. On top of that, it is bolstered with a robust team of former OpenAI, Goldman Sachs and Renaissance Technologies experts in the team. With all but certain adoption, it is a good crypto to buy at a presale price of $0.036. If the AI-DeFi narrative continues to advance, IntelMarkets could well be expected to outperform entrenched base coins such as XRP in the next few months.

Conclusion

All in all, one can state that there is a certain potential for XRP to significantly rise to and beyond $1 yet the path to this outcome remains vague. Industry factors and legal factors will be major influences in whether or not the coin can return to the lofty position it occupied at the beginning of the year. Faster growing funds for investors, which may be ‘better value’, could be IntelMarkets (INTL)-your chance for outrageous returns.

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