Countdown to XRP at $1
The relisting of XRP on Robinhood in the United States restored all its splendor to the token, and since then, new perspectives have opened up for it. With a 17% rise since yesterday, the altcoin became the biggest gainer of the night and the climb would only just begin.
Indeed, the latest events have allowed the price of XRP to definitively emerge from its consolidation phase. In the coming days, the preservation of $0.84 and its transformation into support should be monitored.
Once this step is reached, the way will be clear to other peaks and according to CoinCodex, XRP at 1 dollar will become reality next Monday.
To go further: XRP Prediction 2024/2025/2030
For the future, it is always the increase that is envisaged. Crypto whale investments are at their highest since June 2018 while the token's RSI is still in buying momentum. This is why Dark Defender sees, thanks to Elliott Waves, a short-term price target of $1.88 and a peak to over $5 at the height of the rally.
The United States, a big driver of the increase
Coincidence or stroke of luck, Speculation surrounding the imminent resignation of Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), is reviving the price of XRP. An enthusiasm then boosted by the 18 American states which filed a complaint against the SEC for abuse of power towards crypto.
Last element that could further improve XRP predictions: the cancellation of the Ripple SEC litigation. However, according to Consensys CEO Joe Lubin, Donald Trump's policy could lead to the cancellation of most of the lawsuits pitting the industry against the regulator. Or, at a minimum, sanctions relief. What if, ultimately, the end of the Ripple trial was indeed what we hoped for?
The moral of the story: everything comes in time who knows how to wait for XRP at 1 dollar.
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, this price analysis article is intended for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased information, but market conditions may change without notice. Always do your own research and consult a professional before making any financial decisions.
