new ATH by February according to experts

XRP savors its explosion

The price of XRP started to explode last night, but it could only be the start of a big bull run! Since our last article, the altcoin gained 12% in 24 hours to reach $2.87. A feat that he had not achieved since the 2018 bull market.

The market capitalization of XRP followed suit and jumped beyond $155 billion. This now exceeds that of large American groups such as the Vanguard investment fund!

But how can we explain this sudden renewed interest? The answer is simple: Donald Trump’s inauguration draws closer and, with it, the possibility of an imminent XRP ETF. Investors are hoping that the product will be approved in the coming weeks and will bring in several billion dollars, thereby driving up the price of the token.

Other phenomena that weigh in the balance: whales who took advantage of the correction to buy lower and the influence of representative Guy Reschenthaler, who allegedly bought up to $15,000 of XRP. In doing so, he became the first American politician to officially invest!

To infinity and beyond?

Following this lightning surge, experts have no doubts: a great rise will follow. The first objective was already to cross $2.70. This step successful, the way seems open towards $2.90 then $3.

Better yet, several analysts have noticed that the price of XRP now forms a golden cross. This could propel the altcoin to a new ATH of $4.40 by early February, a 42% move.

As for analyst Gert van Lagen, he notes that XRP also formed a double bottom, a figure which launched its great parabolic rise in 2017. The asset could therefore follow a similar trajectory this year and thus reach $100 at its peak.

The moral of the story: luck always favors bold XRP.