As a seasoned crypto investor with a knack for spotting trends and a keen eye for market signals, I find myself intrigued by the recent XRP news. The optimistic posts from pro-XRP attorney Bill Morgan, coupled with the strong rally today, have certainly piqued my interest. If his analysis proves correct, we might just see XRP hitting the $1.35 mark soon, a potential 90% increase from its current price.
As a researcher delving into the current XRP landscape, I’ve observed an intriguing development: Bill Morgan, a vocal proponent of XRP, has ignited discussions with his recent posts suggesting a potential surge towards $1.35. This bullish prediction aligns with today’s robust rally in Ripple‘s native cryptocurrency, which has surpassed the $0.71 mark. Furthermore, rumors swirling about Donald Trump potentially abolishing capital gains tax on cryptos minted by U.S. entities have served to bolster investor confidence within the crypto market.
XRP News: Will The Crypto Hit $1.35 Soon?
As an analyst, I’m closely monitoring the recent developments with XRP. Today, it surpassed a brief spike at $0.71, indicating strong growth. In this context, legal representative for XRP, Bill Morgan, has provided a price prediction suggesting that the next barrier for XRP will be around $1.35. Posting a chart, he expresses “bring it on”, demonstrating his optimism towards the asset’s potential.
Additionally, considering the current surge in Ripple’s digital currency, the attorney stated that this surge “may be occurring right now.” This observation has added more enthusiasm, as the analysis suggested it to be a highly “trustworthy trading trend,” backing the rise.
The string of recent posts, coupled with the current surge in interest, suggests that investors are increasingly looking towards cryptocurrencies. Moreover, these developments have added to the general optimism, as a renowned crypto market expert, Dark Defender, predicts that XRP could reach $0.74 in the near future.
Moreover, he pointed out that if the cryptocurrency maintains its position above $0.6649 and surges beyond $0.74 once more, its next predicted level could reach $1.03. This observation aligns with the optimistic feelings prevailing in the market, possibly signaling a continued increase in the cryptocurrency’s value.
Trump’s Crypto Tax Plans And Ripple Lawsuit Boosts Sentiment
During his election campaigns, Donald Trump made several commitments to the crypto market, one of which was to establish America as a global leader in cryptocurrency. This statement generated a lot of buzz within the industry. Now, following his recent victory in the presidential race, there’s speculation that the Republican government may abolish capital gains taxes on cryptocurrencies created by American companies.
If Trump’s proposed exemption from capital gains tax on cryptocurrencies becomes a reality, investors could potentially earn greater returns by holding digital currencies such as ADA, XRP, HBAR, and others. This potential change in policy seems to have boosted investor confidence and increased the global crypto market’s attraction towards the United States. Meanwhile, other countries like the UK are adjusting their own cryptocurrency plans in an attempt to compete with the growing US appeal among international investors.
Currently, the price of XRP saw an increase of 7.83% and was trading at approximately $0.7122. The volume of transactions for XRP decreased by 37%, amounting to around $6.21 billion. Interestingly, it has reached a high of $0.7435, leading to speculation about possible additional growth. Additionally, data from CoinGlass suggests that the interest in XRP Futures contracts increased by 2%, pointing towards growing market optimism.
Enhancing the optimistic outlook, well-known crypto analyst EGRAG CRYPTO predicts that XRP could reach anywhere between $1.3 and $1.5 by mid-December. This forecast indicates a near-term goal for Ripple’s digital currency, with the expert also suggesting a potential surge to $6.5 in the future. Additionally, a recent court decision favoring Ripple and its CEO Brad Garlinghouse in the ongoing lawsuit against the SEC has contributed to an increase in confidence among investors.
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2024-11-14 14:34