๐ Short-Term Pain but Long-Term Rally for Ripple ( $XRP ): Analyst ๐
๐ XRP Surges Post-Election but Faces Setback
Following Donald Trumpโs US presidential election win, XRP skyrocketed with gains exceeding 420% on a monthly scale, reaching a multi-year peak of almost $3. However, the momentum faded, and XRP is now down 11% for the week, struggling to reclaim $2.4.
๐ Short-Term Decline Expected
XRP has lost its third spot in market cap to Tether. Analyst Ali predicts a further short-term decline, with $2.25 acting as a critical support level. A drop below this could signal additional losses.
๐ Long-Term Optimism Remains Strong
Despite short-term struggles, Ali is highly bullish on XRPโs long-term potential. He anticipates a rebound from $2.25, leading to a new all-time high of $4.4, pushing XRPโs market cap above $250 billion.
๐ Future Targets: $8.4 and Beyond
The analyst has set ambitious future targets, including a โconservativeโ $8.4 and an extraordinary $48.12. These predictions suggest XRP could achieve massive growth in the current cycle, sparking speculation about its potential to surpass Ethereum (ETH) in market cap.
โ๏ธ Key Levels to Watch
For now, $2.25 remains a crucial support level. If XRP rebounds, it could pave the way for long-term gains, reaffirming its position as a major contender in the crypto market.