TL;DR
The cryptocurrency market has experienced another bullish wave in the past 24 hours, with many leading assets pumping hard. Bitcoin (BTC) reached a new all-time high of almost $77,000, Cardano (ADA) witnessed a price increase of nearly 20%, while Ethereum (ETH) is inching toward $3,000.
Contrary to that, Rippleâs XRP is once again among those charting little-to-no gains. It currently trades at approximately $0.55, the same level witnessed on November 7.
XRP Price, Source: CoinGecko
Despite its underperformance (compared to the rest of the market), numerous analysts remain optimistic that it might soon join the party. The popular X user Dark Defender claimed XRP âbounced back from our blue support level and touched the Ichimoku Weekly Clouds.â The trader also assumed that the assetâs weekly RSI (Relative Strength Index) was about to signal a golden cross.
Having that said, they set $0.6649 as a crucial resistance mark, after which XRP could explode to $1.88 and then an all-time high of $5.85.
Other bullish opinions came from Mikybull Crypto and Ben Armstrong (better known as âBitBoyâ). The former predicted an incoming âhuge accelerationâ for XRPâs price, similar to what was observed after the previous US presidential elections. Recall that Donald Trump won the most recent (held earlier this week) and will officially become Americaâs 47th President in January next year.
âBitBoyâ argued that firing the US SECâs Chairman Gary Gensler (as Trump previously promised) could make XRP the best-performing cryptocurrency from the top 100 club.
The regulator and its leader have been at war with multiple crypto firms, including Ripple. It is safe to assume that the XRP army will cheer Genslerâs change with someone more open to innovation and less inclined to hamper the industryâs development through constant court battles. We have yet to see whether Trump will stick to his crypto promises.
Another industry participant who gave their two cents on the matter was the X user EGRAG CRYPTO. The analyst maintained that XRPâs value has been tracing the so-called âjust do itâ pattern (resembling Nikeâs logo). The trader speculated that this trend could push the price to $1.60 in the future.
EGRAG CRYPTO also suggested that âa solid weekly close above $1.10 and confirm it as strong supportâ could mean that XRP may âsay goodbyeâ to $1 for good.
The post Ripple (XRP) Can âMake Historyâ if It Surpasses This Crucial Resistance Zone (Analyst) appeared first on CryptoPotato.
- While BTC and other assets surged, XRP held steady, but analysts predict it could break out if it exceeds key resistance levels.
- Some experts see potential regulatory changes under Trumpâs administration boosting XRPâs performance.
New ATH After This Significant Milestone?
The cryptocurrency market has experienced another bullish wave in the past 24 hours, with many leading assets pumping hard. Bitcoin (BTC) reached a new all-time high of almost $77,000, Cardano (ADA) witnessed a price increase of nearly 20%, while Ethereum (ETH) is inching toward $3,000.
Contrary to that, Rippleâs XRP is once again among those charting little-to-no gains. It currently trades at approximately $0.55, the same level witnessed on November 7.
XRP Price, Source: CoinGecko
Despite its underperformance (compared to the rest of the market), numerous analysts remain optimistic that it might soon join the party. The popular X user Dark Defender claimed XRP âbounced back from our blue support level and touched the Ichimoku Weekly Clouds.â The trader also assumed that the assetâs weekly RSI (Relative Strength Index) was about to signal a golden cross.
Having that said, they set $0.6649 as a crucial resistance mark, after which XRP could explode to $1.88 and then an all-time high of $5.85.
Other bullish opinions came from Mikybull Crypto and Ben Armstrong (better known as âBitBoyâ). The former predicted an incoming âhuge accelerationâ for XRPâs price, similar to what was observed after the previous US presidential elections. Recall that Donald Trump won the most recent (held earlier this week) and will officially become Americaâs 47th President in January next year.
âBitBoyâ argued that firing the US SECâs Chairman Gary Gensler (as Trump previously promised) could make XRP the best-performing cryptocurrency from the top 100 club.
The regulator and its leader have been at war with multiple crypto firms, including Ripple. It is safe to assume that the XRP army will cheer Genslerâs change with someone more open to innovation and less inclined to hamper the industryâs development through constant court battles. We have yet to see whether Trump will stick to his crypto promises.
Surpassing $1 for Good Under This Condition
Another industry participant who gave their two cents on the matter was the X user EGRAG CRYPTO. The analyst maintained that XRPâs value has been tracing the so-called âjust do itâ pattern (resembling Nikeâs logo). The trader speculated that this trend could push the price to $1.60 in the future.
EGRAG CRYPTO also suggested that âa solid weekly close above $1.10 and confirm it as strong supportâ could mean that XRP may âsay goodbyeâ to $1 for good.
The post Ripple (XRP) Can âMake Historyâ if It Surpasses This Crucial Resistance Zone (Analyst) appeared first on CryptoPotato.
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