{"id":26990,"date":"2024-12-09T16:25:04","date_gmt":"2024-12-09T16:25:04","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=26990"},"modified":"2024-12-09T16:25:04","modified_gmt":"2024-12-09T16:25:04","slug":"short-term-pain-but-long-term-rally-for-ripple-xrp-analyst","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=26990","title":{"rendered":"Short-Term Pain but Long-Term Rally for Ripple (XRP): Analyst"},"content":{"rendered":"

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

Ripple\u2019s native token is poised to retrace in the short term, but that could be just the start of another rally that will push it to a new all-time high, said a popular analyst.
\nXRP has cooled off after the recent gains and is actually 10% down on the week.<\/p>\n

<\/a><\/p>\n

XRP took off a little late after Trump\u2019s decisive win in the US presidential elections, but once it did, it stole the show completely. At one point, its gains had gone above 420% on a monthly scale as the asset climbed to a multi-year peak of almost $3.<\/p>\n

As the community was praising and celebrating the move in anticipation of a new all-time high ($3.4, according to CoinGecko), XRP\u2019s momentum vanished, and it started to lose value gradually. As mentioned above, the token now stands at an 11% weekly decline, and its price struggles to reclaim $2.4.<\/p>\n

Consequently, it lost its third spot<\/a> in terms of market cap to Tether. Moreover, popular analyst Ali expects a further decline in the short term.<\/p>\n

$XRP<\/a>: 3 consecutive bull pennants! We should all be praying for a retest of $2.25 to buy the dip and target $4.40! pic.twitter.com\/KgXnM929yk<\/a><\/p>\n

\u2014 Ali (@ali_charts) December 9, 2024<\/a><\/p>\n\n

However, the strategist remains highly bullish on XRP\u2019s long-term potential as he believes it will bounce off the $2.25 support and skyrocket to a new all-time high of $4.4. This would put its market cap at over $250 billion.<\/p>\n

As reported<\/a> earlier, Ali also put even more optimistic targets for XRP in the future, including a \u2018conservative\u2019 one of $8.4 and a highly outrageous one of $48.12.<\/p>\n

With such quite optimistic predictions for XRP\u2019s price during this cycle, one can\u2019t help but wonder<\/a> whether Ripple\u2019s native token has the legs to surpass Ethereum (ETH) in terms of market cap.<\/p>\n

The post Short-Term Pain but Long-Term Rally for Ripple (XRP): Analyst<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL:DR; Ripple\u2019s native token is poised to retrace in the short term, but that could be just the start of another rally that will push it to a new all-time high, said a popular analyst. XRP has cooled off after the recent gains and is actually 10% down on the week. XRP took off a […]<\/p>\n","protected":false},"author":0,"featured_media":26991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-26990","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\/26990"}],"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=26990"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/26991"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}