XRP to $10 if Analysis and Trump Promises Come True
As crypto's risk-off consolidation continues because to fresh uncertainties about Fed interest rate decreases, XRP fell to $2.33.
XRP is expected to be one of the biggest winners among cryptocurrencies, with one trader predicting a breakout that may boost the price 3.5x to $500 billion.
Although interest rates are still unclear, crypto's vulnerability to them was again shown today.
Prices paid for goods and services rose 6 points to 64.4 on robust growth in the US economy's most significant industry.
Why XRP might reach $502 billion
Even still, regulatory triumphs are predicted after Donald Trump's inauguration.
The 1-week XRP chart shows a half-mast flag that Peter Brandt believes might break higher or “something else to be determined”.
A $502 billion market value is predicted if the pattern completes upward. The market cap might return to $28 billion pre-election:
Half-mast flags should be finished within six weeks or they should be suspicious. This $XRP flag must rock and roll soon or it will likely change. It might reach $500 B in market valuation once completed.
Peter Brandt
The average true range (ATR) measure of volatility has risen over the last eight weeks but flattened over the past three.
The average directional indicator (ADX), which measures trend strength, remains mostly unchanged since the November presidential election.
