24/7 Wall St Forecasts XRP Price for 2024

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24/7 Wall St Forecasts XRP Price for 2024

24/7 Wall St has revealed an optimistic forecast for XRP, projecting a significant performance boost in 2026. This positive outlook coincides with Ripple’s preparation for the launch of its digital stablecoin, Ripple USD (RLUSD), in Japan. Currently, XRP’s price predictions for the first half of 2026 are garnering attention amidst ongoing market challenges.

XRP Price Analysis

Despite XRP’s recent struggles, including a price drop of 43.56% from its peak of $3.65, analysts are turning their focus towards 2026. As of now, XRP is trading at $2.06, fluctuating between $1.83 and $2.39. The presence of multiple XRP exchange-traded funds (ETFs) entering the market hasn’t significantly boosted its value.

Impact of RLUSD Launch in Japan

The anticipated launch of RLUSD in Japan is seen as a pivotal factor for XRP’s future performance. Ripple and SBI, a long-time partner, are aiming to launch RLUSD by the first quarter of 2026. Japan’s well-defined cryptocurrency regulations could facilitate immediate adoption by banks and financial institutions, thus enhancing XRP’s market position.

Price Scenarios for 2026

24/7 Wall St outlines three potential price scenarios for XRP based on RLUSD’s adoption and market conditions.

  • Bullish Case

    If RLUSD is adopted swiftly, particularly in transactions between Japan and the Philippines, XRP could reach $3.50 to $4.50 by late 2026. Estimated monthly settlement volumes in this corridor could rise to approximately $300 million.

  • Base Case

    This scenario predicts moderate adoption led by SBI, with monthly volumes between $100 million and $150 million. In this case, XRP may trade between $2.30 and $3.30.

  • Bearish Case

    If RLUSD’s launch is delayed into late 2026, XRP could languish in the $1.80 to $2.10 range. Increased Bitcoin dominance could reduce liquidity for XRP and other altcoins.

These projections emphasize the potential influence of RLUSD adoption and market dynamics on XRP’s value. Investors should remain vigilant as 2026 approaches.

This content is for informational purposes only and should not be taken as financial advice. Always conduct thorough research before making investment decisions.