"Investors don't FOMO either, this is just a prediction, don't be 100% confident."
After Judge Analisa Torres ruled that Ripple (XRP) is not a security, its price continued to soar reaching a high of $0.82. However, the question now is when will the cryptocurrency break through $1 or $2? Is there a chance?
According to the artificial intelligence (AI)* algorithm, the price of XRP may see a massive increase in the next 12 months following the positive court decision.
*Executing trades based on price forecasts.
Through observation, XRP is expected to reach $1 in January 2024 and remain stable for two quarters, then the price is likely to reach $2 or $2.30 in August 2024 and then see a flat momentum throughout the year.
So here it can be seen that XRP has the potential to climb as much as 190% from its current price now. Therefore, if there is someone who invests $1,000 in XRP right now, it is not impossible for him to make a profit if the prediction comes true.
Even so, there is no guarantee that the price of XRP will rise as the crypto market is very volatile and the movement can reverse immediately after investors rush to buy the digital asset.
Therefore, investors are advised to do thorough research first before making a purchase of XRP or any other crypto if they do not want to experience a large amount of losses.
As of this writing, XRP price has plunged by 5.54% to $0.79 in the last 24 hours with a market cap of $41 billion but still recorded a surge of around 3.68% over the last week.
