Ripple’s XRP has been stuck below the $1 mark for nearly three years, impacted by US SEC filings. Even a mini bull run post-Donald Trump’s election couldn't break this trend. Last November, XRP soared 14.72%, hitting $1 for the first time in years. Now trading at $1.50, analysts foresee no turning back, with a popular Twitter figure, "Bearable Bull," stating XRP will not fall below $1 again.
Starting the year at $0.61, XRP largely lingered around the $0.50 to $0.60 range while other cryptos rallied post-Trump election. Recent price movements saw XRP break past $1 last month. With historical context reminding traders of the $1.96 dip in December 2021, analysts view $1 as XRP's new base for potential consolidation and further growth.
The Bearable Bull’s bold claims regarding XRP's resilience below $1 find backing in recent market activity. While some analysts remain cautious, others echo this confidence, noting the community's strong belief in XRP consolidating its base.
Pro-Ripple advocates like lawyer John Deaton forecast an ongoing bull run for XRP. Deaton anticipates the token’s market cap elevating to $100 billion. Another analyst, "CrediBULL," predicts XRP will rapidly surpass its all-time high, outperforming both Bitcoin and Ethereum, having surged 125% in three months compared to Bitcoin's and Ether's increases.
