Ripple news today: XRP has been on an upward trajectory since the US elections, with its price rising almost $3 earlier this month. Currently, XRP is trading at $2.47, having surged 1.62% following news of the launch of Ripple’s RLUSD stablecoin. Analysts believe that XRP has the potential to reach $3.55 if the SEC ends its appeal and clears XRP from regulatory concerns. This price target is based on the idea that once XRP’s legal challenges are resolved, the token could see a significant rally.
By comparison, Bitcoin is up just 46% since the election, and the broader crypto market has seen impressive double-digit gains of 93%. With positive gains, XRP managed to surpass Solana and Tether. CNBC recently reported that XRP is one of the biggest winners of the Trump-led crypto rally, up a whopping 370% since the election. This whole build-up makes XRP jump the bigger assets.
Analysts Bullish Outlook on XRP Price
Popular cryptocurrency trader DonAlt, who is right predicted XRP’s massive rally in November shows that the token could double again if it manages to break beyond its current trading range. According to DonAlt, XRP has been stuck between support and resistance levels of around $2.20 and $2.60 since early December after failing to break past the $3 mark. However, if
Technically, XRP can go even higher
EGRAG points from the technical factors of the XRP breakout. In which historical market cycles and Fibonacci analysis predict that XRP’s market dominance could increase to 5.9% or even 6%. If this happens, the price of XRP could post explosive gains.
EGRAG has even suggested that if Ripple hits its $5 trillion market cap forecast, XRP could reach prices between $8.77 and $17.54, depending on how much of the global crypto market it controls. Currently, XRP’s market dominance has risen to 2.09%, marking a significant recovery from its recent surge above $1.
XRP is now just 27.3% away from its all-time high set seven years ago, and the excitement surrounding XRP’s future is only growing. With RLUSD in the pipeline and IPO approaching, the path for XRP is bullish and investors are looking for a positive ending to Ripple vs. SEC, which stalled XRP’s growth for a decade.
Credit : coinpedia.org
