The post 6 Reasons XRP Price Could Hit $1 This Summer (Opinion) appeared on BitcoinEthereumNews.com.

This article represents the opinion of the author and is not to be construed as financial advice. Ripple’s XRP may be one of the most undervalued currencies in the blue-chip blockchain economy. That’s due to XRP’s legal success against the SEC and its product development. Could XRP price be gearing up for a moonshot bull run sometime in Q3? Very Bullish XRP Price Prediction XRP price analyst Egrag Crypto raised the staggering specter of a $17 XRP price sometime in the near future if Ripple bulls beat key resistance at $1 and keep it running to XRP’s all-time high price of $3.50. #XRP : The Bent Fork ($17 & Historical Support) – UPDATE: 🔍 June 2023: We introduced “The Bent Fork Chart.” Here’s the latest scoop: 🎯 New Top Target: $17🚧 Key Resistance: $1 – both a structural barrier and psychological hurdle.🏆 All-Time High (ATH): $3.5 – breaking… https://t.co/CAdFw956Ej pic.twitter.com/H8IQ03tCYu — EGRAG CRYPTO (@egragcrypto) July 8, 2024 That’s very bullish, but not unheard of in crypto markets. Actually, similar performances are not uncommon at all in blockchain investing. They happen with shocking frequency in altcoin markets. Of course, it’s worth noting that they happen a lot less often with large-cap cryptocurrencies which boast total capitalizations in the billions, like XRP does. If the Egrag XRP price prediction comes true, it would represent a 39.5x gain over Tuesday’s average Ripple price on exchanges. Ripple has done these kind of numbers before. For example, when it reached its historic all-time high price of $3.50 in Jan. 2018, it skyrocketed there in under 60 days, from the $0.15 handle in Nov. 2017. That represented a gain of over 23x the Nov. 2017 level for XRP in under two months. Here are six important factors that markets are evaluating over the past weeks: 1. Ripple…

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Filed under: News - @ July 21, 2024 5:24 pm