Crypto Analyst Forecasts XRP Price Path Post-SEC Lawsuit Resolution
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Crypto analyst Doctor Profit predicts a bullish future for XRP after Ripple’s partial court victory over the SEC. He highlights XRP’s historical resilience, noting its 60,000% surge in 2017. Doctor Profit sees the legal win as a catalyst for increased institutional adoption and possibly an XRP ETF. Technical analysis indicates a critical resistance at $0.72, with potential price targets between $16-$20 if breached. He suggests key buying zones around $0.38 to $0.44.
The analyst emphasizes XRP's stability and long-term market presence despite a 75% drop after the 2020 lawsuit. Regulatory clarity could boost partnerships and integration into financial systems, including CBDCs. XRP currently trades at $0.6064. Doctor Profit advises patience, noting that even if $0.72 is temporarily resisted, significant price increases are likely by 2025.
Finally, the analyst underscores the importance of buying during dips, revealing that he has been buying XRP in the $0.38 to $0.44 range and plans to buy more if prices revisit those zones.
Source: www.newsbtc.com ↗
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