XRP trading at $1.6080 on the daily chart\u00a0 Source: XRPUSDT chart on Tradingview.com<\/figcaption><\/figure>\nFeatured image from Trackinsight, chart from Tradingview<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"XRP remains one of the crypto market\u2019s current trailblazers rising by 23.21% in the past 24 hours. Over the last two weeks, the prominent altcoin has recorded a 154% price gain establishing itself as the sixth-largest cryptocurrency with a market cap of $89.82 billion. With this current momentum and the crypto bull season still in its early stages, analysts remain highly bullish on XRP\u2019s potential to reach lofty price levels. Related Reading: XRP Primed For $100 Price Target \u2013 Here\u2019s Why Can XRP Repeat 2017 Historical Price Movement? In an X post on November 22, an analyst with the username CryptoBull stated that XRP could trade at $40 over the next three months if the token mirrors its first prominent price surge from 2017.\u00a0 Data from CoinMarketCap shows that XRP rose $0.006 to a market peak of $0.33 in early 2017, representing a 5,400% gain.\u00a0Considering its recent price rally, the altcoin may be gathering momentum to reproduce such price movement in a highly anticipated crypto bull run, especially considering recent happenings.\u00a0 Most notably, popular anti-crypto Securities and Exchange Commission Chairman Gary Gensler recently announced his intentions to resign on January 20, a move largely behind the current bullish sentiment among XRP investors considering the Commission\u2019s long-lasting regulatory battle with Ripple. In fact, Gensler\u2019s decision to leave the SEC has been described as the \u201cbest thing\u201d for Ripple, which holds significant weight for XRP\u2019s future.\u00a0 Gensler\u2019s resignation coincides with the inauguration of pro-crypto incoming US President-Elect Donald Trump who has promised to introduce a more friendly approach to digital asset regulation in the US. Aside from XRP finally being free from the regulatory scrutiny of the SEC, the potential introduction of a spot ETF under Trump\u2019s pro-crypto regime also contributes to bullish sentiments on the altcoin\u2019s profitability. According to CryptoBull, if XRP follows its price explosion from early 2017, the token is expected to hit a price target of $1.96 in November, $6.30 in December, and $40 in January. Related Reading: XRP Binance Inflows Spike: What It Means For Price Price Resistance Levels In XRP\u2019s Dream Surge While XRP presents much potential for a high price target, CryptoBull predicts the token to face significant resistance at the $1.96 price region.\u00a0If buying pressure proves sufficient to move past this level, the analyst expects XRP to confront another resistance at $3.84 which represents the token\u2019s current all-time high price.\u00a0 Considering the current robust bullish sentiments in the market, the altcoin is likely to move past these highlighted resistance levels.\u00a0However, the token\u2019s Relative Strength Index remains far in the overbought zone (91.73) indicating significant potential for a price pullback. At the time of writing, XRP continues to trade at $1.78 reflecting a 79.57% gain in the past week. Meanwhile, the token\u2019s daily trading volume is up by 103.57% and valued at $20.29 billion. Featured image from Trackinsight, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":654523,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[9637,8480,16539,3680,4531,10972,78763],"class_list":["post-654521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-9637","tag-donald-trump","tag-gary-gensler","tag-ripple","tag-xrp","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n
XRP To Hit $40 In Three Months But On This Condition - Analyst<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n