{"id":19994,"date":"2024-11-12T20:02:13","date_gmt":"2024-11-12T20:02:13","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=19994"},"modified":"2024-11-12T20:02:13","modified_gmt":"2024-11-12T20:02:13","slug":"xrp-at-2-before-24s-end-or-the-bears-will-retake-control-ripple-price-predictions","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=19994","title":{"rendered":"XRP at $2 Before 24\u2019s End or the Bears Will Retake Control? (Ripple Price Predictions)"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

XRP saw strong gains in the last 24 hours, with analysts suggesting it could follow Dogecoin\u2019s recent rally toward higher targets.
\nThe SEC lawsuit adds uncertainty to the asset\u2019s performance, but Trump\u2019s win has raised hopes for drastic changes at the regulator.<\/p>\n

<\/a><\/span><\/h2>\n

XRP to Cope DOGE\u2019s Rally?<\/h2>\n

Many leading cryptocurrencies charted fresh daily gains today (November 12), and this time, Ripple\u2019s XRP is among the best performers. Its price is up 9% on a 24-hour scale, briefly surging to an eight-month high of $0.67 and currently trading at approximately $0.64 (per CoinGecko\u2019s data).
\n<\/span><\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

According to numerous market observers, XRP <\/span>is poised<\/span> to experience a <\/span>major<\/span> bull run soon, similar to other altcoins that have taken center stage lately.<\/span><\/p>\n

The X user Mikybull Crypto <\/span>believes<\/span><\/a> the asset could copy Dogecoin\u2019s (DOGE) \u201cmassive surge,\u201d setting a target of $2. The <\/span>biggest<\/span> meme coin has witnessed a price explosion of 260% in the past month, reaching a three-year high of over $0.44. As of the moment of writing these lines, it trades slightly that mark.<\/span><\/p>\n

Cryptoinsightuk shared a similar thesis, <\/span>predicting<\/span><\/a> that XRP might mimic the gains of DOGE and ADA. \u201cI honestly feel a clean break of $0.66, and we send it $1+. Probably find resistance around $1.28,\u201d the analyst suggested.<\/span><\/p>\n

Dark Defender<\/span>, who<\/span> has been following XRP\u2019s price fluctuations and made multiple bullish forecasts in the past several months<\/span>, also<\/span> chipped in.<\/span> The pundit <\/span>argued<\/span><\/a> that the critical resistance level of $0.6044<\/span>\u00a0is \u201cdead,\u201d meaning the price <\/span>is now headed<\/span> toward the next target of $0.6649.\u00a0<\/span><\/p>\n

\u201cWe then set an extraordinary level of $0.6649. And underlined with Bold Fonts that this damn level is the strongest of all! And as soon as we see XRP above $0.66, a day, a week, a month, then we will see tremendous moves,\u201d Dark Defender <\/span>stated<\/span><\/a> last month.<\/span><\/p>\n

Ripple\u2019s Legal Troubles<\/span><\/h2>\n

One <\/span>important<\/span> factor that has potentially put the brakes on XRP to follow the gigantic resurgence of the cryptocurrency market in the past several days is the ongoing lawsuit<\/a> between Ripple and the US SEC. The case dates back to 2020, with the regulator recently appealing<\/a> a 2023 verdict ruled by Federal Judge Torres. Thus, it prolonged the battle, triggering additional uncertainty among investors.<\/span><\/p>\n

However, Donald Trump\u2019s presidential win<\/a> may be <\/span>considered<\/span> good news for the XRP army. After all, he promised to fire the SEC\u2019s Chairman on day 1. The agency and its leader have filed countless lawsuits against crypto businesses, and the community will welcome a successor who is more open to innovation.\u00a0<\/span><\/p>\n

We have yet to see whether the Republican will <\/span>stick to<\/span> his promise. Earlier this month, <\/span>the<\/span> Fox Business journalist Eleanor Terrett <\/span>claimed<\/span><\/a> she discussed the matter with \u201ca person close to the Trump transition team,\u201d who assured her the new Chairman \u201cwill be someone pro-crypto.\u201d<\/span><\/p>\n

The post XRP at $2 Before 24\u2019s End or the Bears Will Retake Control? (Ripple Price Predictions)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR XRP saw strong gains in the last 24 hours, with analysts suggesting it could follow Dogecoin\u2019s recent rally toward higher targets. The SEC lawsuit adds uncertainty to the asset\u2019s performance, but Trump\u2019s win has raised hopes for drastic changes at the regulator. XRP to Cope DOGE\u2019s Rally? Many leading cryptocurrencies charted fresh daily gains […]<\/p>\n","protected":false},"author":0,"featured_media":19995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19994"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19994"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19995"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}