Analysts Predict XRP Price to Surpass Previous ATH Soon, Here’s Why
The expectation that XRP will surpass its ATH is directly tied to the upcoming Bitcoin halving.
Ripple aims to provide greater market transparency and certainty about current and future XRP supply by placing 55 billion XRP into a transparently managed escrow account.
The expectation that XRP will surpass its ATH is directly tied to the upcoming Bitcoin halving.
Amid the XRP price rally, its Relative Strength Index (RSI) surged from 62 to 72 in the past day, indicating a slight overheating of the token.
As the overall market conditions got significantly bullish today, XRP broke out from the falling channel pattern.
XRP has shown little or no action of late but its luck may just be about to change, according to popular crypto analyst JD.
Although Bitcoin has outperformed XRP in 2023, there is the chance that XRP could follow in Bitcoin’s footsteps for a December bull run.
For several hours, the iShares XRP Trust appeared on the ICIS Delaware website suggesting that BlackRock had filed to list an XRP ETF, which was confirmed to be fake.
Using Liquidity Strength as a key metric, the expert provided a detailed breakdown of her calculations before coming to her prediction.
Among the issues that Netting Manager aims to address are lack of transparency due to lack of centralization, payment date uncertainty, and unnecessary FX conversion and transaction costs.
Despite the recent SEC vs Ripple summary judgment that largely ruled that XRP is not a security, the SEC has shown intentions to appeal its case in the 2nd Circuit.
The Ripple team is optimistic about a massive triumph over the SEC, despite the regulator’s victory in the LBRY case.