Ripple is undoubtedly one of the most successful crypto market tokens with which to interact. XRP has always attracted intense scrutiny and attention to stay on top of the radar. After a modest October in terms of price, will it hit a new ATH in November 2024?
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Ripple Continues To Attract Mainstream Momentum
Per the latest Santiment report, the XRP ledger has noted spiked activity in its wallet domain. The post outlined how the XRP ledger has documented a surge in active wallets lately. The metrics indicate that the active unique wallet number has breached the 35,600 mark.
In addition to this, nearly 7,000 unique wallets were made in a single day, which is quite a milestone for Ripple to achieve in the last 7 months.
“XRP Ledger has spiked in active wallets significantly, reaching 35,799 unique wallets making at least one transfer in a single day, the highest in over 3 months. Additionally, 3,858 new wallets were created in a single day, the highest amount in over 7 months! ”
At the same time, Egrag Crypto, a notable crypto analyst, has always made another bullish prediction. The expert has presented a new macro drop zone analyst under which XRP can reach a new $15 mark.
“The Drop Zone analogy🌪️Area A was our MACRO consolidation, where #XRP was chilling. But then, it got pulled to the edge of Area A’s Drop Zone, and like a magnet, XRP dropped into… you guessed it… MACRO consolidation, aka Area B! 🎯 What’s next? Well, buckle up, #XRPArmy, because XRP has to edge closer to the Drop Zone B. 💥 Once it does, we’re looking at a launch from $2 to $15 MINIMUM! 🚀”
The ripple ecosystem is also busy launching its own stablecoin, RLUSD, which is set to attract significant revenue and ultimately boost its price. With the XRP ETF in the mix, the price of XRP may undoubtedly rise high on the radar, provided it continues to leverage mainstream momentum.
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The Token’s Price Forecast for November
Brad Garlinghouse, the CEO of Ripple, earlier issued a statement outlining how the XRP ETF is inevitable and will be launched soon. This development can be a game-changer for XRP, helping it reach new heights.
According to CoinCodex, XRP currently sits at $0.53, up 0.16% in the last 24 hours. This November, it may surge by 17% to hit a new price mark of $0.61.
“According to our current XRP price prediction, the price of XRP is predicted to rise by 17.31% and reach $0.6142 by November 22, 2024. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 71 (greed). XRP recorded 14/30 (47%) green days with 5.81% price volatility over the last 30 days. Based on the XRP forecast, it’s now a bad time to buy XRP.”
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