Can XRP reach $5 in 2024?

Could you please offer your insights on whether XRP has the potential to reach a price of $5 by 2024? Given the current market trends, regulatory developments, and the technology's underlying fundamentals, what are the key factors that could influence its future price movements? Are there any specific events or milestones that we should be keeping an eye on? Also, considering the volatility of the crypto market, how do you recommend investors approach this potential opportunity with a balanced risk-reward ratio?