$XRP Price Is About to Boom, Here Is Why?

After another fall, the XRP price is recovering on the chart, but this time, the rally might continue with this analyst's claims

In recent days, the crypto market has experienced a fresh wave of bullish momentum, with user sentiment shifting towards greed. Notably, trading activity has surged, driving global trading volume to $103.7 billion and lifting the total market cap to an impressive $2.43 trillion. This trend highlights new gains across various altcoins. However, the Ripple token (XRP) has yet to share in this upward movement, as its price continues to face challenges on the charts. Nevertheless, a change for XRP may be on the horizon

Why is the $XRP Price Set to Surge Soon?

Following years of decline, it’s evident that the Ripple vs. SEC lawsuit has been a significant obstacle for XRP’s price. Since its all-time high of $3.84, the token has made several attempts at recovery, only to face reversals as the lawsuit progressed. Recently, XRP showed an uptrend, reaching as high as $0.60. However, it quickly fell by 15% to $0.51 after the SEC filed a notice of appeal in early October.

Many crypto analysts agree that the Ripple token’s price will likely surge once the lawsuit concludes. Despite this, crypto analyst Random Crypto Pal recently highlighted an imminent opportunity for an XRP price surge. He shared a chart showing that XRP recently broke out of a seven-year trendline, which he, along with other analysts, considers a pivotal moment for the token #BinanceBlockchainWeek #BTCBreak71K #BTCETFDemandSurge