{"id":654521,"date":"2024-11-23T20:30:04","date_gmt":"2024-11-23T20:30:04","guid":{"rendered":"https:\/\/uniquehot.com\/?p=654521"},"modified":"2024-11-23T07:39:36","modified_gmt":"2024-11-23T07:39:36","slug":"xrp-to-hit-40-in-3-months-but-on-this-condition-analyst","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-to-hit-40-in-3-months-but-on-this-condition-analyst\/","title":{"rendered":"XRP To Hit $40 In 3 Months But On This Condition – Analyst"},"content":{"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. <\/span>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.<\/span><\/p>\n

Related Reading: XRP Primed For $100 Price Target \u2013 Here\u2019s Why<\/a><\/div>\n

Can XRP Repeat 2017 Historical Price Movement?<\/strong><\/h2>\n

In an X post on November 22<\/a>, 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<\/span><\/p>\n

Data from CoinMarketCap shows that XRP rose $0.006 to a market peak of $0.33 in early 2017, representing a 5,400% gain.\u00a0<\/span>Considering 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<\/span><\/p>\n

Most notably, popular anti-crypto Securities and Exchange Commission Chairman Gary Gensler recently announced<\/a> 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. <\/span>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<\/span><\/p>\n

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. <\/span>Aside from XRP finally being free from the regulatory scrutiny of the SEC, the potential introduction of a spot ETF<\/a> under Trump\u2019s pro-crypto regime also contributes to bullish sentiments on the altcoin\u2019s profitability.<\/span><\/p>\n

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.<\/p>\n

\"XRP\"
Source: @CryptoBull2020 on X<\/figcaption><\/figure>\n
Related Reading: XRP Binance Inflows Spike: What It Means For Price<\/a><\/div>\n

Price Resistance Levels In XRP\u2019s Dream Surge<\/strong><\/h2>\n

While XRP presents much potential for a high price target, CryptoBull predicts<\/a> the token to face significant resistance at the $1.96 price region.\u00a0<\/span>If 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<\/span><\/p>\n

Considering the current robust bullish sentiments in the market, the altcoin is likely to move past these highlighted resistance levels.\u00a0<\/span>However, the token\u2019s Relative Strength Index remains far in the overbought zone (91.73) indicating significant potential for a price pullback.<\/span><\/p>\n

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.<\/p>\n

\"XRP\"
XRP trading at $1.6080 on the daily chart\u00a0 Source: XRPUSDT chart on Tradingview.com<\/figcaption><\/figure>\n

Featured 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":"\nXRP To Hit $40 In Three Months But On This Condition - Analyst<\/title>\n<meta name=\"description\" content=\"Analyst CryptoBull has stated that XRP could trade at $40 over the next three months if the token mirrors its first prominent price surge from 2017.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-to-hit-40-in-3-months-but-on-this-condition-analyst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP To Hit $40 In Three Months But On This Condition - 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While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. 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