XRP is expected to rise in the short term, with long-term forecasts up to $594

Despite XRP's poor performance over the past month, several analysts remain confident about its price performance in the near term. Twitter user EGRAG CRYPTO believes that the value of XRP is "not destined" to fall below $0.50 on the monthly chart. Currently, XRP's price is right around that level. The analyst believes the recent decline offers investors a "generational buying opportunity," and says the price could soar above $1 if it breaks through a major resistance level known as the "Berlin Wall. Another analyst, XRP Whale, was even more optimistic, predicting that February would be a "historic" month for XRP, with the price likely to rise by 2,500 per cent to as much as $13 in the next 30 days. In terms of long-term forecasts, crypto exchange Changelly recently analysed that the price of XRP could reach $0.72 in early February before starting a new round of declines to $0.55 by the end of the month. However, the exchange is very bullish on long-term performance, predicting that the value of XRP could soar to $594 by 2050.