TL;DR

• XRP surged by double digits in the past week, with analysts predicting additional gains of up to $8.
• Rumors of SEC Chair Gary Gensler’s replacement with a new pro-crypto leader could aid Ripple’s legal issues, driving XRP’s growth further.

The Potential Journey to a New ATH

Ripple’s XRP was unable to join the massive bull run of the cryptocurrency market following Donald Trump’s win in the US presidential elections. However, in the past week, it followed suit and even outperformed all of the top 20 digital assets. As of the time of this writing, it trades at $1.13 (per CoinGecko’s data), representing a 67% increase on a seven-day scale.

The resurgence fueled huge enthusiasm across the XRP community, while multiple analysts predicted further gains in the near future.

The X user Mikybull Crypto thinks the asset’s rally has yet to start. The trader assumed XRP might experience a massive price jump if the Bitcoin (BTC) dominance declines. Currently, the primary cryptocurrency accounts for almost 60% of the total crypto market share. Its dominance has been on the rise since the end of 2022, and it will be interesting to see if there will be an eventual altcoin season that could cause a shift in the trend.

JAVON MARKS envisioned a “bullish breakout” that could send XRP’s valuation to over $3, while Crypto Ceaser was even more optimistic. 

The latter thinks the price may “cool off a bit” in the short term and later begin a journey to an all-time high of almost $8.

Crypto Tony chipped in, too. He described a potential consolidation and retreat to $0.92 as “a gift.” “Would love to see that and then a hold on the daily closure. I remain long from 0.66c as shared,” the trader added.

Waiting for Gensler’s Possible Resignation

One important factor that may trigger an additional price increase for Ripple’s native token is change at the leadership of the US Securities and Exchange Commission (SEC). Since 2021, the agency has been led by Gary Gensler who is known for his anti-crypto stance. During his tenure, the SEC filed countless lawsuits against cryptocurrency businesses, including Ripple.

According to many market observers, Gensler’s days at the helm are numbered. After all, Trump promised to fire him on day 1 after assuming office. The previous Chairmen of the regulator, Mary Jo White and Jay Clayton, resigned days after the presidential elections in 2016 and 2020, respectively, which also suggests that the current leader could soon vacate his post. 

The next Chair is expected to be pro-crypto. Such a shift could lead to a faster settlement of the Ripple v. SEC legal battle (and other cases) and positively affect XRP and the entire market.

The post Top Ripple (XRP) Price Predictions as of Late appeared first on CryptoPotato.

#CryptoBits #CryptoNews #Ripple #Ripple(XRP)Price
[Source: CryptoPotato]

TL;DR

• Analysts foresee a potential XRP rally, envisioning a surge to $0.90 if the asset clears crucial resistance points, despite recent underperformance.
• The US presidential election results could fuel enhanced volatility for the entire crypto market and Ripple’s native token particularly.

‘Bearish Outlook or a Strong Bullish Trend?’

Despite its slight resurgence in the past 24 hours, Ripple’s XRP remains one of the poorest performers (from crypto’s top 10 list) on a monthly scale. It currently trades at around $0.51 (per CoinGecko’s data), representing a 4% decline for that period.

Numerous market observers, though, believe an XRP bull run is incoming. One of those is the X user EGRAG CRYPTO who claimed the asset’s price chart has been following a so-called “bitfrost bridge” in the past years. Continuing that trend would lead to a price rally to as high as $0.90, the analysis suggests. 

Dark Defender also gave their two cents. The analyst maintained that XRP’s daily indicators are oversold, while the daily trend is bullish. The trader still thinks that a major pump could occur if the price surpasses the important resistance levels of $0.5286, $0.6044, and $0.6649.

“Our central structure is the same; I know it is boring, but it is what it is,” they added.

The investor, using the X monicker Crypto Rand, weighed in, too. They claimed the current price condition of XRP represents a “do or die momentum.” 

$XRP defending the key 50 cents support while pushing on the local downtrend. Do or die momentum for #XRP pic.twitter.com/iqpqJzUM0x

— Crypto Rand (@crypto_rand) November 4, 2024

Volatility on the Way?

The results of the presidential elections in the United States may trigger severe price swings for the entire cryptocurrency market. The contest (set for November 5) faces the Republican Donald Trump versus the Democrat Kamala Harris.

The XRP army seems to be cheering for the former, considering his promise to fire the SEC’s Chairman Gary Gensler, should he emerge victorious. The agency and its head have been at war with many crypto businesses, including Ripple. Those who have followed the updates in the crypto space for the past several years must be aware that the two entities have been confronting each other in a lawsuit since 2020.

The potential dismissal of Gensler could change the regulator’s approach to the Ripple case, as a new Chair might shift focus away from aggressive enforcement actions. 

That said, many crypto proponents were left baffled after the company’s co-founder Chris Larsen donated $10 million worth of XRP to support Harris’ campaign. Last week, he assumed that the Democratic candidate would have a much different stance towards the industry than her predecessor, Joe Biden.

“The DNA of Harris’ administration is from the world capital of innovation – the Bay area (it’s a place that has created more trillion-dollar companies than any other place on the planet). She gets that. She grew up here, and she knows people who founded these companies, so I am really confident that this is going to be a completely different approach from the failed policy of Biden’s administration when it came to crypto,” Larsen stated.

The post Top Ripple (XRP) Price Predictions as of Late appeared first on CryptoPotato.

#CryptoBits #CryptoNews #XRPBTC #XRPUSD #Ripple #Ripple(XRP)Price
[Source: CryptoPotato]

TL;DR

• XRP has stayed stable between $0.51 and $0.54 despite market volatility, with analysts predicting a potential rise due to its low RSI ratio.
• The upcoming launch of a Ripple stablecoin, a possible XRP ETF, and a settlement in the lawsuit against the US SEC could also drive a price increase.

Is XRP Ready to Spike?

While the cryptocurrency market experienced substantial volatility in the past few weeks, Ripple’s XRP remained relatively unfazed. Its price has recently consolidated in the $0.51-$0.54 range and is currently trading at the lower line. 

Still, many analysts believe the asset will head north in the near future, citing some important factors. The X user EGRAG CRYPTO assumed that XRP could soon turn into a bullish mode due to the low RSI ratio.

The Relative Strength Index is a momentum oscillator used in technical analysis to measure the speed and change of price movements. It varies from 0 to 100, with a ratio above 70 generally indicating that an asset is overbought and due for correction. XRP RSI has been well below the 50 mark in the past few days, currently positioned at 40.

AlexCobb touched upon the matter, too, outlining several essential elements that could fuel a rally for the asset. The upcoming launch of a Ripple stablecoin, potential filing for an XRP ETF, and a possible settlement of the lawsuit between the company and the US Securities and Exchange Commission (SEC) are some of the factors.

The legal battle between the two entities has been ongoing for over three years, with the case recently entering its trial phase. Some industry participants believe Ripple has the upper hand in the lawsuit after securing three partial court victories last year.

Each triumph was followed by a significant XRP price resurgence, meaning a decisive win might fuel another rally. If you are curious to learn more about the case’s specifics and its impact on the token’s valuation, please check our dedicated video below:

Previous XRP Forecasts

The X users JAVON MARKS and Dark Defender also chipped in with optimistic predictions. Similar to EGRAG CRYPTO, the former pointed to the RSI pattern as a contributing element to a potential XRP price increase in the range of $15-$20.

Dark Defender was bullish, too, albeit envisioning less impressive peaks. Most recently, the analyst claimed XRP’s initial targets are $0.5882 and $0.6044. Prior to that, the X user forecasted a spike toward $1.88 should the coin’s weekly candle close above the $0.66 mark.

The post Top Ripple (XRP) Price Predictions as of Late appeared first on CryptoPotato.

#CryptoBits #CryptoNews #Ripple #Ripple(XRP)Price
[Source: CryptoPotato]

TL;DR

• XRP has remained resilient amidst a general market downturn, with analysts predicting substantial future gains.
• The ongoing Ripple v. SEC lawsuit could significantly influence the asset’s price, depending on the outcome.

XRP Future Outlooks

The latest correction in the cryptocurrency market, which resulted in multi-month low prices for Bitcoin (BTC), Ethereum (ETH), and many other digital assets, was not so devastating for Ripple’s XRP. Despite briefly plunging below $0.50, the token is up 3% on a two-week scale (per CoinGecko’s data).

Multiple analysts believe this could be a great starting point for substantial gains in the near future. One person who outlined such a prediction is the X user Mikybull Crypto. The trader argued that XRP’s “bottom has been confirmed,” adding that the asset is gearing up for an “explosive move.”

Another bullish analyst is Dark Defender, who forecasted that the asset’s price remains poised to reach $1.88 based on the weekly time frame.

EGRAG CRYPTO gave their two cents, too, observing some essential technical indicators. The analyst claimed that XRP has been “dancing around” the 21 exponential moving average (EMA) for quite some time, forming “several shy monthly candles.”

The trader thinks there will be a positive change once “the Kaboom or God Candle” occurs. “We need to stay steady because the big move is just around the corner,” they concluded.

Last month, EGRAG CRYPTO presented two potential paths for the XRP’s price trajectory in the following months. The first scenario depicts the token trading in the $1.20-$1.80 range by June-July, whereas the second option suggests an ascent to an all-time high of $4 by September this year.

Awaiting for News on the Ripple v SEC Front

One major event that could positively influence the price of XRP is a resolution of the lawsuit between Ripple and the US Securities and Exchange Commission (SEC). The trial between the entities started at the end of last month, and so far, it has only offered additional confrontation instead of an outcome.

It remains unclear when the case will officially be closed due to potential delays and appeals from both sides and the complexity of the legal process. One person who envisioned a possible settlement in the near future is the American lawyer Jeremy Hogan. He believes a $100 million agreement may occur this summer.

Those interested in learning more about the lawsuit, its specifics, and its potential impact on XRP’s valuation, please check our video below:

The post Top Ripple (XRP) Price Predictions as of Late appeared first on CryptoPotato.

#CryptoBits #CryptoNews #Ripple #Ripple(XRP)Price
[Source: CryptoPotato]