{"id":7310,"date":"2024-09-17T11:27:33","date_gmt":"2024-09-17T11:27:33","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=7310"},"modified":"2024-09-17T11:27:33","modified_gmt":"2024-09-17T11:27:33","slug":"analysts-forecast-ripple-bull-run-soon-how-high-can-the-xrp-price-go","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=7310","title":{"rendered":"Analysts Forecast Ripple Bull Run Soon, How High Can the XRP Price Go?"},"content":{"rendered":"

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

XRP rose 10% in a week, fueled by Grayscale\u2019s new Ripple trust and a potential Robinhood re-listing.
\nWhile some see a bullish trend, others predicted the token could perish \u201csoon.\u201d<\/p>\n

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

XRP\u2019s Next Potential Move<\/h2>\n

Ripple\u2019s XRP has registered a 10% price increase in the past week, making it the best-performing cryptocurrency from the top 20 list. It currently hovers at around $0.58 (per CoinGecko\u2019s data), while its daily trading volume (approximately $1.2 billion) exceeded the one of the higher-ranked Binance Coin (BNB).<\/span><\/p>\n

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

The main factor <\/span>fueling<\/span><\/a> XRP\u2019s rally as of late is Grayscale\u2019s decision to introduce a dedicated Ripple trust. The investment vehicle enables users to have direct exposure to the cryptocurrency without the need to purchase and store it. <\/span><\/p>\n

Another factor could be the increased rumors that Robinhood has re-listed the asset on its platform. <\/span>In fact,<\/span> the firm\u2019s official website <\/span>shows<\/span><\/a> that XRP is indeed among the supported tokens.\u00a0<\/span><\/p>\n

One of the XRP bulls is the <\/span>popular<\/span> crypto enthusiast Ben Armstrong, better known as \u201cBitBoy.\u201d<\/span><\/p>\n

Altcoins are going to rip soon<\/p>\n

Ones to watch:$ONDO<\/a> $GRT<\/a>$FLOKI<\/a>$PYTH<\/a>$XRP<\/a><\/p>\n

\u2014 BitBoy (@BenArmstrongsX) September 16, 2024<\/a><\/p>\n

Many others remain optimistic that XRP could be on the verge of a bull run. X user Cryptoinsightuk <\/span>predicted<\/span><\/a> a 14% surge to $0.66 in the short term, claiming liquidity has been \u201cbuilding up.\u201d<\/span><\/p>\n

Mikybull Crypto chipped in, too. <\/span>In their view, XRP\u2019s price pattern has formed a specific triangular shape, which might be followed by an exponential rise <\/span>in the near future<\/span>.<\/span> \u201cIt\u2019s one of the most bullish macro charts out there,\u201d the trader <\/span>argued<\/span><\/a>.<\/span><\/p>\n

CrediBULL Crypto <\/span>outlined<\/span><\/a> a similar thesis, maintaining that the \u201cnear 7-year compression will be coming to an end soon.\u201d The analyst labeled the development as \u201cthe mother of all bull flags,\u201d forecasting a \u201clegendary\u201d rally.<\/span><\/p>\n

Waiting for Developments on the Ripple v. SEC Lawsuit<\/span><\/h2>\n

Another major factor that could trigger additional volatility for XRP is the next step in the legal battle between Ripple and the US Securities and Exchange Commission.<\/span><\/p>\n

The case reached <\/span>an important<\/span> milestone last month when Judge Torres <\/span>ordered<\/span><\/a> the company to pay $125 million for violating <\/span>certain<\/span> securities laws. While the sum sounds substantial, it <\/span>actually<\/span> represents just a fraction of the regulator\u2019s initial request for billions. <\/span><\/p>\n

Both parties have until early October to appeal, and it will be interesting to see whether such a movement will cause significant ups and downs for XRP\u2019s price. Ripple has already agreed with the court\u2019s terms, meaning the ball is in the SEC\u2019s court.\u00a0<\/span><\/p>\n

The post Analysts Forecast Ripple Bull Run Soon, How High Can the XRP Price Go?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR XRP rose 10% in a week, fueled by Grayscale\u2019s new Ripple trust and a potential Robinhood re-listing. While some see a bullish trend, others predicted the token could perish \u201csoon.\u201d XRP\u2019s Next Potential Move Ripple\u2019s XRP has registered a 10% price increase in the past week, making it the best-performing cryptocurrency from the top […]<\/p>\n","protected":false},"author":0,"featured_media":7311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7310","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\/7310"}],"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=7310"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/7310\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/7311"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}