There seems to be potential for XRP to soon break through in price. Experts expect the cryptocurrency season to reach between 10x and even 500x.
This, however, is largely due to the two charts from Kevin Cage, the expert market analyst showing XRP and Bitcoin respectively in stronger bull seasons than they are currently.
Two Recent Times When $XRP Shoots Up.
The last two Alt Seasons #Bitcoin surged higher first.
2017, almost 500X (300 times with Monthly Candle Body).
2021: 10x (Lawsuit, Opening up Look on Exchange).
Gary Cardone Twitters about possibly ‘ launching ‘ the cryptocurrency so of course XRP fans might be happy and hopeful.
XRP has been in the shadow of Bitcoin in terms of the market. As the dominance of bitcoin falls off the side, altcoins such as XRP start to market themselves so they can capture the attention of investors who may have been otherwise focused on bitcoin.
We Await…The authorities sent this message: they are ready for you.
XRP markets previously had their seasons when Bitcoin’s market share never tallied that high. Zach Rector is of the opinion that for XRP’s areas for enhancements include the potential for XRP to “make it big. ”
Looks Pretty Good.
Cage points to two watershed events in XRP’s history which shaped the token as it is today, quite fundamentally. During 2017’s bull cycle, prices engulfed XRP to as high as $3.50, the token rising from a lowly $0.006 in early 2018. Such growth was possible due to competition as Bitcoin market share lost out from a high of 95.91% to just under seventy percent. A similar trend now plays out where bitcoin drops in price rapidly and altcoins such as XRP rise in popularity among traders and investors.
The XRP market capitalization has increased by $31 billion making it one of the prominent players in this field. TradingView.com chart.
In 2021, XRP was the tenth largest cryptocurrency, experiencing a ten-fold increase through the bull run despite delisting from most exchanges and being embroiled in legal conflict with the US SEC.
Bitcoin’s neck of the golden apple became slim, decreasing its rate from $73.51 to 39.54 when there was an increase in the price of Bitcoin from 18 cents to 1.96 dollars. These historical instances portray how XRP performs and the conditions that are best suitable for it which is when Bitcoin prices fall.
Another peak brought Bitcoin's share of the market back over fifty-eight percent recently. According to the most recent cycles, XRP may see another price rise if its share of the market drops in the upcoming days.
If XRP were to reach a ten fold increase reaching five dollars, it would be able to garner a six dollars attached to it. This goes on to show that there are still core altcoin seasons which may affect the pricing of the tokens.
All though these predictions seem to be so in touch with popular beliefs, no one knows for sure what range will be the climax for XRP's even further predicted future increase. This current legal battle for Ripple may actually play a heavy role in how the market plays out.
The other mess created by the SEC's Ripple appeal is that it prolongs the litigation and makes such investments unattractive for the investors as well.
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