Hilton, an advocate and investor in the XRP community, remains bullish despite Bitcoin and Ethereum leading the market decline with losses of 5% and 6% respectively. His positive outlook stems from on-chain indicators and market dynamics, which suggest that XRP may be able to defy the prevailing trend.
Hilton highlights optimistic on-chain data, noting that 1.5 million XRP transactions were made per day and wallet growth has steadily increased. These indicators indicate upward momentum and growing interest in XRP. According to him, the current market correction presents a golden moment for investors. At its current price of 61 cents, Hilton believes XRP is undervalued and poised for significant upside.
XRP price prediction for 2024
Anticipating positive catalysts for XRP, such as a potential Bitcoin ETF approval and Bitcoin halving, Hilton suggests that these external factors could potentially boost the overall market, including XRP.
Analysts affiliated with the He concluded by expressing confidence that XRP can surge above $1.50 by the end of the first quarter of 2024, citing significant growth potential.
In a significant legal development on July 13, a U.S. judge declared that XRP is not a security, ending a three-year legal dispute. Following this ruling, the value of XRP doubled within 24 hours, surging from $0.4711 to $0.8777, reaching a high of $0.938 on various cryptocurrency exchanges. However, at the time of this report, XRP is trading at $0.61, down more than 6%.