XRP Analyst Thinks The Coin Is Ready To Skyrocket By 21,000% To Over $150
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XRP has rebounded by 60% over the past three weeks after dipping below $0.40. An analyst on X suggests that XRP, now trading above key support levels, might reach $150 due to a breakout from a multi-year resistance trend line. This breakout, coupled with optimism around the Ripple vs. SEC case, fuels the bullish outlook.
The recent close above $0.62 indicates growing demand for XRP, possibly extending gains toward $0.74 and eventually $1. However, the outcome of the case with the SEC, where Ripple faces a $2 billion penalty, will significantly impact XRP's price movement moving forward.
Ripple's CEO, Brad Garlinghouse, criticizes the SEC and supports the argument that XRP is not an unregistered security. Former President Donald Trump has also voiced intentions to fire Gary Gensler, the current SEC head, to promote US leadership in crypto, further adding to the speculation around XRP's future.
Source: www.newsbtc.com ↗
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