RippleXRP( has had a rough multi-year run amidst ongoing lawsuits, regulatory uncertainties, and slow price movements. After claiming a number of victories in its high stakes legal fight, Ripple looks poised to move on and return to its glory days.
DustyBC is a prominent cryptocurrency analyst who believes that XRP could be on the cusp of a significant technical break-out which would fuel a rally. Ripple is no longer trading within a narrow range of a downward trend that has lasted for years.
A clean break from a 6.5 year descending channel may confirm the bulls’ regaining control, and that momentum is shifting in XRP’s favor. This confidence in the upside sets up prices for continued gains, unhindered by historic limitations which have slowed them down for years.
You can also read this: Shiba Inu Official Forecasts SHIB To Hit $0.01
Can XRP reach $1?
Ripple has won multiple victories in ongoing litigation against the SEC. The case appears to be shifting in Ripple’s favor lately. This could mean that the storm clouds of regulatory uncertainty which have dogged XRP over the years will soon vanish.
Crypto-researchers Changelly Now eye XRP soaring past the critical $1 price point in the near future. next 12 months. This would mean a near 43% rise from the current $0.69 value. After all, XRP has traded at or above the threshold since late 2021.
You can also read this: Cryptocurrency: Top 3 Meme Coins That Could 10X This Bull Run
Predicting exact timeframes and price levels is incredibly speculative, just like any other crypto forecasting. Technical breakouts and fundamental headwinds are a good combination to help XRP reclaim its place at the top of crypto’s hierarchy.
In the past 24 hours, XRP’s price has risen as well. CoinGecko says dataIn this period, the XRP price has grown by about 15%.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: watcher.guru
