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XRP has seen significant volatility in recent weeks, rising throughout the first week of December before dropping sharply over the past few days. Even so, one veteran trader has had his say on when he believes XRP will reach a new all-time high.
However, it’s not just XRP drawing bullish forecasts; a new altcoin, TG.Casino (TGC), also looks poised for significant growth, according to crypto experts.
XRP consolidates
At the time of writing, XRP is trading for $0.603, down 13% from $0.700.
XRP rallied throughout most of October and early November, yet the upward momentum has slowed considerably since Nov. 13.
In recent weeks, XRP has consolidated – even while major altcoins like Solana (SOL) and Cardano (ADA) posted double-digit gains.
This divergence suggests that XRP may be taking a breather while the rest of the market continues its upward leg.
However, investor sentiment towards XRP remains bullish overall, with CoinGecko analysis revealing that more than 69% of users are “feeling good” about the token’s prospects.
From a technical perspective, XRP is trading around a vital support zone at $0.590, which has held firm multiple times since mid-November.
Should this support zone hold again, XRP could potentially find a base for a new leg up.
On the other hand, a breach of this support level might lead to further downside, with the next key support at $0.550.
XRP to record new all-time high in 2024
Although XRP’s short-term price situation remains uncertain, some crypto experts remain bullish on the its long-term prospects.
Veteran trader Brett Hill says XRP can reach $1.40 by early January 2024.
In a post to his 38,000 followers, Hill also set out an optimistic roadmap that speculated XRP could challenge its all-time high of $3.84 by next Spring.
This bullish forecast complements a similar prediction from crypto expert XRP Captain, who believes the token will hit a new all-time high “in Q1 of 2024.”
If these crypto veterans’ predictions prove accurate, 2024 could mark a monumental year for XRP.
Specifically, XRP needs to rally by over 455% to set a new all-time high, yet the optimistic stances of high-profile traders hint that it could be a distinct possibility.
TG.Casino praised
As the crypto market gears up for what many believe could be a bullish 2024, another emerging project that experts predict could surge is TG.Casino.
TG.Casino is a blockchain-based online gaming platform integrated with Telegram for users to operate anonymously.
In the ongoing presale phase, TG.Casino has already raised over $3.9 million and is on its way to the soft cap goal of $5 million.
Crypto analysts, including YouTuber V.O. Crypto, is bullish on the project’s prospects.
V.O Crypto highlighted TG.Casino’s combination of crypto gambling and token burns as possible drivers of TGC prices.
TG.Casino requires no know-your-customer (KYC) checks to play and uses Telegram’s end-to-end encryption for safety.
Players can place bets using TGC, receiving perks and 25% cashback.
The project even received a full gaming license from Gaming Curacao and passed an audit from Coinsult.
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Source: https://crypto.news/xrp-can-hit-all-time-high-in-2024-analyst-bullish-on-new-altcoin/