XRP does better than everyone
The majority of large cryptocurrencies have procrastinated and are struggling to make a comeback with as much strength as before. All, except XRP! The latter does better than Bitcoin, Ethereum or Solana and gives yet another boost this month of November. At the same time, the asset is already doing better than during the 2021 bull market, while the increase could continue for several months.
Within the top 10 crypto, only Cardano managed to do better over the week. However, on a daily basis, no one beats the incredible performance of XRP.
Ripple's token has appreciated significantly over the past month and has now reached an exchange price of $1.65. All this, thanks to a daily increase of 12.87%.
Clearly, over the past month, Ripple's cryptocurrency has been able to get back on the right path. Now the asset truly appears unstoppable and parabolic.
Contrasting price predictions
The reasons that could explain the rise in XRP are numerous, but it is undeniable that the asset is now benefiting from great bullish momentum. By devouring the percent for more than a month, XRP has once again become a bullish token and a trusted asset.
But again, the departure of Gary Gensler from the SEC, which will be effective on January 20, has obviously boosted the price of the token. From now on, the SEC will no longer be an enemy of Ripple. With an even more positive outlook, XRP could soon have its own ETFs in the USA. In recent weeks, requests for an XRP ETF have increased. While the latter seemed impossible under Joe Biden, everything was revived by the electoral victory of Donald Trump.
However, even if the token explodes, two price prediction platforms, Changelly and Coincodex, do not agree with ChatGPT. These two platforms expect a correction for XRP and not a price of $2. Changelly is counting on a gradual correction throughout the month of December which should cause the asset to fall below the dollar at the end of the month. For Coincodex also, a strong correction is expected around the end of year holidays.
Moral of the story: the height of the heights is for XRP; Bullish momentum but bearish outlook
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent information. This article aims to provide accurate and relevant information. However, we encourage readers to verify the facts on their own and consult a professional before making any decision based on this content.
