Latest on XRP: Ripple‘s native digital currency has experienced a strong upward trend lately, fueled by growing optimism about the supportive regulatory climate for cryptocurrencies in the United States. This optimistic sentiment has been reinforced by recent remarks from leading lawyers and market analysts, who expect more favorable news in the near future. Additionally, a well-known market expert has suggested the possibility of a 470% price increase for this cryptocurrency.
Let’s explore the latest advancements and predictions by analysts, which could potentially increase the attractiveness of this asset for investors.
XRP News: Lawyer Predicts Positive Developments In Coming Weeks
According to recent updates on XRP, legal professionals and financial analysts anticipate favorable advancements for this cryptocurrency in the upcoming weeks. Known advocate for XRP, Bill Morgan, has expressed his optimism, which mirrors the latest bullish forecast by top market analyst Ali Martinez.
As a crypto investor, I’ve been closely watching the price movements of XRP. Recently, Martinez pointed out an interesting technical pattern in an X post. He mentioned that the SuperTrend indicator on the 12-hour chart has turned bullish, which is quite unusual and historically significant for this asset.
Based on his statement, the last instance when this specific indicator became positive, Ripple’s native cryptocurrency saw an approximately 470% increase. Given that the same signal has reappeared now, market observers continue to be optimistic and are expecting a significant price rise in the asset over the coming period.
Simultaneously, Bill Morgan fueled anticipation, voicing optimism about Ripple and XRP. He approved of Martinez’s latest forecast, commenting, “It would indeed be wonderful with the expected good news regarding XRP in the coming weeks.
Ripple’s Legal Clarity In Focus
Today, XRP’s price increased approximately 3%, trading at $2.45. Its trading volume surged by 14% to reach $4.35 billion. Over the past week, the cryptocurrency has experienced a rise of more than 18%. However, it saw a decrease of around 3% in the last month. Nevertheless, an increase of 7% was observed in XRP’s Futures Open Interest, demonstrating the optimistic feelings prevailing within the market.
In the meantime, there’s an increase in excitement about what will happen next in the ongoing court case. Although legal analysts predicted that the U.S. Securities and Exchange Commission (SEC), led by Gary Gensler, would submit their initial brief in the XRP lawsuit before January 15, investors remained optimistic. It’s worth noting that these experts were generally positive, particularly given the growing hope for a pro-cryptocurrency regulatory climate in the U.S. following President Trump’s term.
In addition, leading lawyers have suggested that there’s a good chance of a settlement in the Ripple SEC case with the new chair, Paul Atkins, taking office. Consequently, it seems that XRP may maintain its robust growth trajectory, as optimism about Ripple’s legal resolution escalates.
Additionally, contributing to the anticipation, experienced trader Peter Brandt suggested that Ripple’s native cryptocurrency might reach a market capitalization of an astounding $500 billion. Yet, he cautioned that for this to happen, the “Half mast flags” currently forming need to be fully formed within approximately six weeks.
Read More
- EUR MYR PREDICTION
- EUR CAD PREDICTION
- VANRY PREDICTION. VANRY cryptocurrency
- GBP RUB PREDICTION
- LUNC PREDICTION. LUNC cryptocurrency
- POL PREDICTION. POL cryptocurrency
- USD MXN PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- XRP PREDICTION. XRP cryptocurrency
- CHR PREDICTION. CHR cryptocurrency
2025-01-07 15:25