Despite Dropping Below $0.6, Can XRP Rally 1,000X?
A crypto expert expects XRP, the native coin of the XRP Ledger (XRPL), to rise 1,000X shortly. The expert is optimistic about XRP despite its recent price drop.
XRP Prepares For 1,000X Growth
âMickleâ on X (previously Twitter) has expressed optimism about XRP's future worth, predicting a big surge to new highs.
Mickle predicted a 1,000X bullish increase for XRP in his video. In this bullish cycle, the crypto researcher anticipates XRP to grow from $0.57 to $570.
The analyst's optimistic projections are predicated on a favorable US regulatory shift. Mickle believes the US will undergo a major political transition that will allow cryptocurrencies to thrive with clear laws. Thus, XRP and other big cryptocurrencies are primed for a breakthrough.
Mickle said the US bitcoin movement has faced a difficult climate with several key regulatory authorities conducting very strong enforcement activities. The expert said that the crypto industry has overcome these obstacles by winning many court battles and advancing pro-crypto legislation.
Even though XRP has dropped, Mickle remains enthusiastic, doubling down on his expectations in recent writings. The expert believes XRP's price is ending a gigantic structure akin to a 2013â2017 symmetrical triangular pattern.
Mickle noted that XRP suffered several falls and gloomy attitudes over its 2013â2017 triangular formation. Despite the decline, XRP unexpectedly rose to new peaks.
A crypto specialist says XRP is in a similar downward trend but has an optimistic outlook. He thinks XRP might explode if it completes this symmetrical triangular pattern.
Earlier this week, XRP's price was over $0.6, showing a strong ability to break adverse patterns and rise. In the last 24 hours, the cryptocurrency has dropped 10% to $0.57.
CoinMarketCap reports a 4.2% drop in XRP over the previous week. This surprise price drop comes as Ripple's SEC lawsuit nears its end.
