1. The impact of the new SEC Chairman on XRP
• The departure of Gary Gensler: If the new SEC Chairman is friendlier toward cryptocurrencies, the lawsuit against Ripple may be resolved quickly, which could significantly boost XRP's price.
• Pressure from the law: Ripple has long fought against SEC allegations. Leadership changes could yield positive results for XRP, especially with backing from major investors (whales).
2. The price increase potential of XRP
• Recent growth: XRP has seen a sharp price increase from $1.28 to $1.63 in a short period, indicating growing interest from investors.
• Price targets: If it surpasses key resistance levels, XRP's price could approach $1.76, $1.97, and even close to the historical high of $3.55.
• XRP-Spot ETFs: The approval of ETFs based on XRP could boost demand, similar to how BTC-spot ETFs have driven up Bitcoin's price.
3. The competition between Ripple (XRP) and Solana (SOL)
• Solana's performance: SOL has exceeded its ATH of $260, demonstrating strength and confidence in its blockchain network. This poses a significant challenge for XRP in competing for investor attention.
• The ability of Ripple to surpass Solana:
• If Ripple addresses legal issues and leverages advantages from ETFs, XRP has a chance to surpass SOL.
• However, Solana currently has an advantage due to its strong ecosystem and increasing support from the community.
4. Using the liquidation map
• Liquidity analysis: Using the liquidation map to identify potential price levels can help traders predict the short-term trends of both XRP and SOL.
• Color signals: When liquidity concentrates at a price level, the likelihood of the price being drawn toward that area increases.
Forecast
• If the SEC genuinely changes its stance and XRP receives support from ETFs, the price could exceed $5 in this cycle.
• However, to surpass Solana by 2025, Ripple needs to address legal barriers and expand its ecosystem, as Solana currently leads in performance and technological development.