- XRP is still in a positive trend over the last 30 days, as its holders continue to project a more positive future.
- This growth could be accelerated by the soon to end Ripple-SEC litigation.
XRPIn the past seven days, Ripple Labs Inc’s cryptocurrency has experienced a surge of 30%. The cryptocurrency is currently at a bargain price, despite the fact that analysts warn of a limited time.
XRP is on the Rise
Bobby A. is a well-known crypto analyst. stated On X, the window of opportunity for accumulating XRP will be closing soon. The comment follows a recent surge to $0.5 after monthly lows were below that level. XRP reached an intraday maximum of $0.5095 after a 30.27 percent increase since its low on July 5, which was $0.3911.
Time for accumulation #XRP Soon, the year will be over. ⚒️
— Bobby A (@Bobby_1111888) July 13, 2024
XRP had the biggest percentage increase among the top ten cryptocurrencies based on market capitalization in the previous week. Market participants have praised XRP’s resurgence during a period when even leading cryptocurrencies like Tether and other stablecoins are registering weekly gains below 0.06%. XRP currently ranks 7th in terms of market capitalization. It is valued at $29.4 Billion, behind USDC, with $33.9 Billion.
Market watchers are confident that there’s still time for investors to grab the token. Many analysts agreed with Bobby A that the time was running out to accumulate XRP.
For some context, XRP’s price has fallen steadily for six years since its peak. Analysts viewed XRP’s low price in this time period as a range of accumulation. Technical indicators suggest that the cryptocurrency will soon break free of its downtrend.
“If the same fractal of XRP from 2017 is playing out exactly onto today’s chart, we only have till 8th August to get your last XRP. After that we will finally say goodbye to this 7 long years of accumulation range,” User X @XRPunkie stated. The asset’s expected future value is estimated to be $3.5. Purchasing XRP for only $0.5 is still a bargain.
XRP, according to other more positive market analysts, could rise higher as soon as its trend begins. “As soon as XRP leaves its 40-.60 cent range it will never look back,” One commenter made a point.
Prices of Ripple XRP are predicted
As I write this, XRP has dropped by 0.3% The past 24 hours $0.5251. Trading volume decreased 32%, to $1.6 Billion. The market capitalization is $29 Billion.
As the Ripple vs SEC lawsuit nears its conclusion, XRP coin holders look to the future with excitement. As highlighted Our previous article suggested that the market is cautiously optimistic about XRP. A bullish trend may be possible if certain resistance levels can be overcome.
The Great Mattsby, a pro-trader and XRP expert, has made a bold prediction that XRP will reach $250 in 2028. As noted Mattsby’s analysis in the earlier article was based on math calculations and Gann Theory.
Please read:
No spam, no lies, only insights. Your subscription can be cancelled at any time.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: www.crypto-news-flash.com
