According to analysts' forecasts, in the medium term, the XRP exchange rate could rise by 299% to reach $2.30.
The interest of institutional investors and favorable legislation fuel #optimism about the future growth of #XRP . If XRP breaks its previous high of $3.31, it could rise 888% to $BTC Ripple's XRP jumped to $0.62 after a prolonged sideways trade and is staying afloat thanks to positive sentiment in the #cryptocurrency market, when the price of #bitcoin jumped to $66,000 for the first time in five weeks. Prominent crypto trader Captain Fibic predicted a potential 299.4% rise, which he said could take XRP to $2.30 in the medium term. And that's not all - according to his long-term predictions, further growth looms on the horizon!
In Captain Fibik's opinion, XRP could be on the cusp of strong growth. With the market giving bullish signals, he set a medium-term price target for XRP at $2.30, 299.4 percent above current levels.
the potential rise in bitcoin has boosted confidence in the broader cryptocurrency market, including altcoins such as XRP. However, the growing optimism around XRP is fueled by growing institutional interest, as well as expectations of a positive outcome from regulators: after nearly completing a four-year legal battle with the SEC, many believe that clearer regulation could significantly strengthen XRP's position in the market.
Long-term outlook: further growth?
In addition to the bullish stance, market analyst EGRAG offered an even more ambitious long-term price target for XRP. He stated that if XRP reaches its previous high of $3.31, its price could rise by 888%. In its latest analysis, EGRAG noted a recurring pattern on XRP's one-month chart reminiscent of the 2017 bull market. At that time, XRP hit the rising red support line four times before surging upward.
#XRP 888.88% is an 8 secret
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