The post “All Eyes on XRP,” Expert Shares Two Reasons for Optimism appeared on BitcoinEthereumNews.com.

An analyst has tipped XRP for a parabolic surge as the asset shows signs of repeating a historical movement triggered by the potential withdrawal of the lawsuit against Ripple by the SEC. The US president-elect, Donald Trump, is reported to have started accumulating XRP alongside HBAR and BTC.  A member of the Benzinga Crypto Advisory Board and renowned crypto investor Armando Pantoja has made a bold prediction for XRP, highlighting two main factors that could trigger unprecedented price growth in the upcoming alt-season. Historical Price Trend Speaking to his 52.1k followers, Pantoja highlighted the unexpected surge of XRP from $0.003 to an all-time high of $3.31 in the 2017-2018 cycle. According to him, the asset recorded a staggering growth of 110,000% within the period, turning a $1000 portfolio into $1.1 million in just a year. A similar movement from the current price of $2 could position XRP to $2,200. Delving deep into this, we discovered that a TradingView analyst called “The Signalyst” subscribes to a similar projection. In his November 2024 analysis, this analyst pointed out that XRP is repeating a previous market move with patterns characterized by lower lows and a sharp bullish impulse. Source: TradingView Another analyst identified as EGRAG CRYPTO has outlined in a December 26 post that XRP could repeat a 50,000% price jump earlier recorded in 2017 as it crosses a 21 Exponential Moving Average (EMA) over a two-week time frame. Per his analysis, XRP could hit $27 if history repeats itself, representing a 4,770% surge from the current price, and 10% of the staggering growth recorded in 2017. Analyzing the current price action, EGRAG CRYPTO observed that the next resistance level for XRP lies at $2.6. According to him, a decisive break above this level could position the asset towards $3.8 and beyond. XRP…

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Filed under: News - @ December 30, 2024 9:24 am