TL;DR
Rippleās XRP experienced an impressive bull run over the past month, with its price skyrocketing by 330%. On December 3, it tapped a nearly six-year peak of $2.82. Currently, it trades at approximately $2.38, which represents a 6% decline on a daily scale.
XRP Price, Source: CoinGecko
According to some popular analysts, XRP might be poised for much more substantial gains in the near future. The X user Ali Martinez suggested that the asset ālooks undervalued after breaking out of this massive multi-year symmetrical triangle.ā He set a āconservative targetā of $8.40 and an āoptimisticā one of a whopping $48.12.
Veteran trader Peter Brandt chipped in, too. He maintained that XRP has āthe most powerful chart in all of crypto world.ā It is worth mentioning that Brandt has been quite critical of Rippleās native token over the years, expressing skepticism about its value and potential numerous times.
The X user CRYPTOWZRD shared a similar thesis, predicting that XRPās market cap is on its way to hitting a new all-time high of $270 billion.
As of writing these lines, its capitalization stands at around $136 billion. This makes XRP the fourth-biggest cryptocurrency, trailing behind Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
One factor that may propel a further pump for XRPās price is a favorable resolution of the four-year-long legal battle between Ripple and the US Securities and Exchange Commission (SEC).
Not long ago, Gary Gensler (the current Chairman of the agency) confirmed he will vacate his post in January next year. His departure was somewhat expected since the recently elected president of the United States, Donald Trump, promised to fire him on day 1 after assuming office.
Gensler is known as a critic of the digital asset industry with the Commission filing multiple lawsuits against crypto businesses during his tenure.
Last week, Trump nominated former SEC Commissioner Paul Atkins to spearhead the securities regulator. The latter has been a consistent advocate of the crypto sector, and it will be interesting to see whether the Ripple case will reach a faster conclusion under his leadership.
The post Top Ripple (XRP) Price Predictions appeared first on CryptoPotato.
- Despite plunging in the past 24 hours, XRP has surged significantly in the last 30 days, with analysts predicting additional gains.
- Leadership changes at the SEC could influence the outcome of Rippleās legal battle and XRPās price trajectory.
The Calm Before the Storm?
Rippleās XRP experienced an impressive bull run over the past month, with its price skyrocketing by 330%. On December 3, it tapped a nearly six-year peak of $2.82. Currently, it trades at approximately $2.38, which represents a 6% decline on a daily scale.
XRP Price, Source: CoinGecko
According to some popular analysts, XRP might be poised for much more substantial gains in the near future. The X user Ali Martinez suggested that the asset ālooks undervalued after breaking out of this massive multi-year symmetrical triangle.ā He set a āconservative targetā of $8.40 and an āoptimisticā one of a whopping $48.12.
Veteran trader Peter Brandt chipped in, too. He maintained that XRP has āthe most powerful chart in all of crypto world.ā It is worth mentioning that Brandt has been quite critical of Rippleās native token over the years, expressing skepticism about its value and potential numerous times.
The X user CRYPTOWZRD shared a similar thesis, predicting that XRPās market cap is on its way to hitting a new all-time high of $270 billion.
XRPāS BEAUTY
The most beautiful chart in the whole space ..
Dear bears, Iām sorry.. you had several yearsā¦ $XRP is going so much higher.. up next is $270B.. it wonāt stop there
See you at a new all time highā¦ pic.twitter.com/DpIAPV7Ohh
ā CRYPTOWZRD (@cryptoWZRD_) December 8, 2024
As of writing these lines, its capitalization stands at around $136 billion. This makes XRP the fourth-biggest cryptocurrency, trailing behind Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
The Ripple v. SEC Lawsuit Remains a Burden
One factor that may propel a further pump for XRPās price is a favorable resolution of the four-year-long legal battle between Ripple and the US Securities and Exchange Commission (SEC).
Not long ago, Gary Gensler (the current Chairman of the agency) confirmed he will vacate his post in January next year. His departure was somewhat expected since the recently elected president of the United States, Donald Trump, promised to fire him on day 1 after assuming office.
Gensler is known as a critic of the digital asset industry with the Commission filing multiple lawsuits against crypto businesses during his tenure.
Last week, Trump nominated former SEC Commissioner Paul Atkins to spearhead the securities regulator. The latter has been a consistent advocate of the crypto sector, and it will be interesting to see whether the Ripple case will reach a faster conclusion under his leadership.
The post Top Ripple (XRP) Price Predictions appeared first on CryptoPotato.
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