Ripple (XRP) Surges 70% on the Last Year, Nearing the $1 Milestone

Ripple stands out in the banking and fintech sectors with key players utilizing its services. It introduces a distinctive method for cross-border transactions using its own cryptocurrency, XRP, known for its efficiency and speed.

As various digital assets experience a surge, Ripple (XRP) has notably risen by 70% this year, inching closer to the $1 mark. Bitcoin is leading this recent bull rally, hitting $64,000 for the first time since November 2021.

While Ripple didn’t have a strong start this month, it has shown a 25% increase for February, hitting $0.63 at one point. With its steady growth throughout the past year, all eyes are on its potential value as we approach March.

Is Ripple (XRP) Set to Reach $1 by March 2024?

Ripple stands out for its global presence and value in cross-border payments, which make it a strong investment among investors, even amidst ongoing legal challenges with the US Securities and Exchange Commission (SEC).

The XRP Coin has witnessed an impressive 70% value surge in the past year, making it closer to the $1 mark. The crypto market has seen a massive surge in the last week leading many altcoins to surge in value.

At the time of writing, the XRP Coin is trading at a slightly up $0.60 level, showing a 7.90% increase in value in the last 24 hours, as per CoinMarketCap. Ripple’s XRP achieved a 25% increase over the last 30 days. 

With the current market bullish rally, all of the top 10 altcoins have recently reached a new yearly high. Notably, Bitcoin, Ethereum, Binance, Solana, Cardano, and even Dogecoin. 

However, the only altcoin that has not achieved this milestone is XRP.

As per our expert’s analysis, the XRP Coin still has the potential to achieve a yearly peak in March of $0.65, a milestone level untouched since January. If the XRP Coin crosses the $0.65 level, it will reach the $1 mark by March 2024.

Also Read: Top 3 Cryptos Expected to Reach All-Time Highs in March 2024