XRP News: Ripple’s native crypto has recorded a robust rally recently, with soaring anticipation over the pro-crypto regulatory environment in the US. This optimism has further surged with the recent comments from top attorneys and market experts, who anticipate more positive developments in the coming days. Besides, a prominent market analyst has also hinted towards a potential 470% rally in the crypto’s price ahead.

So, here we take a close tour of the recent developments and the analyst’s projection, which might further boost the asset’s appeal to investors.

XRP News: Lawyer Predicts Positive Developments In Coming Weeks

In the latest XRP news, legal experts and market watchers predict positive developments for the crypto in the coming weeks. Pro-XRP lawyer Bill Morgan has recently shared his optimism, which aligns with the latest bullish prediction of the top market analyst Ali Martinez.

For context, Martinez has recently highlighted a technical pattern of XRP price in an X post. In his post, he said that “the SuperTrend indicator flipped bullish on the 12-hour chart” had turned bullish. He noted that this is a rare and historically significant signal for the asset.

According to his post, the last time this indicator turned bullish, Ripple’s native crypto jumped around 470%. So, as the signal has once again appeared, the market watchers remained bullish, while anticipating a robust surge in the asset’s price ahead.

Source: Ali Martinez, X

Meanwhile, Bill Morgan further added to the excitement, expressing hopes for positive outcomes for Ripple and its native crypto. The attorney has lauded the recent prediction of Martinez while saying “That would be great given anticipated positive news over the next few weeks concerning XRP.”

Ripple’s Legal Clarity In Focus

XRP price today was up about 3% and exchanged hands at $2.45, while its trading volume rose 14% to $4.35 billion. The crypto has added over 18% in the last seven days but was down around 3% on a monthly basis. However, the asset’s Futures Open Interest was up 7%, reflecting the positive sentiment hovering in the market.

Meanwhile, the surge also comes as speculations soar over what’s next in the ongoing lawsuit. Although legal experts claimed that the US SEC under Gary Gensler would file its opening brief on the XRP lawsuit before the January 15 deadline, the market sentiment remained strong. Notably, the experts maintained a bullish stance, especially with soaring anticipation over the pro-crypto regulatory environment in the US after Trump’s inauguration.

Besides, the top attorneys also said that chances are high over a potential settlement in the Ripple SEC case under the incoming agency’s Chair Paul Atkins. Having said that, it appears that XRP is likely to continue its strong momentum ahead, as optimism over Ripple’s legal clarity soars.

Besides, adding to the excitement, veteran trader Peter Brandt said that Ripple’s native crypto could attain a market cap of $500 billion. However, he noted that to achieve that, the “Half mast flags”, that are forming should be completed within six weeks.

Source: Peter Brandt, X

The post XRP News: Lawyer Predicts Positive Developments Amid Hint Of 470% Rally appeared first on CoinGape.

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Filed under: News - @ January 7, 2025 12:21 pm