XRP recently hit $0.42, marking a nearly 50% decline from its peak at $0.7. This dip, now viewed as a false breakdown, has sparked anticipation within the community for a potential uptick in XRP's value, possibly reaching as high as $1.4 in the foreseeable future. The extended period of consolidation appears to be approaching its conclusion, hinting at the potential onset of a bullish trend for XRP.

Despite the recent drop, XRP has rebounded from its crash low and is currently trading above $0.50. However, there has been a slight decrease of 5.08% in the last 24 hours. Notably, the market cap and 24-hour trading volume indicate some positive signs. Recent movements by whales, particularly an increase in holdings among wallets containing between 10 million and 100 million XRP tokens, further bolster the case for a potential rise in XRP's value.

A projected 100% increase would see XRP reaching the psychological barrier of $1.4, assuming it eventually surpasses $0.70. As of now, the XRP/USD pair is trading at $0.5183, with a slight decrease of 5.02% in the last 24 hours but a moderate increase of 4.91% in the last 7 days. While some ambitious predictions suggest XRP could reach $2 by the end of 2024, a more practical outlook favors $1.4 as a feasible peak for the token.

Factors such as the delay in launching its native ETF product and its distance from the $2.16 resistance zone contribute to the assessment that $1.4 may be a more attainable target for XRP in the near term. Despite a decline in trading volume, XRP remains a topic of discussion within the cryptocurrency community, although altcoins, meme coins, and AI tokens are also gaining attention.

Analysts foresee a potential bull run for XRP, although the exact timeline remains uncertain due to market volatility. Key resistance levels are expected at $0.600 and $0.700, with $1 serving as a critical support level. While XRP's long-term consolidation phase appears to be coming to an end, it is still premature to outline a definitive roadmap for its future trajectory.