XRP, the digital currency that was created by Ripple
Labs, as we have seen on my previous analysis has broken out from its 3 year cycle
making a new record that was set at 1.2698 Dollars. XRP is showing a bullish
momentum as of now even though it dipped last night back to 1.0026 Dollars.
After Trump’s Election, XRP has been gaining significant attention as a
potential leader in the future of finance. Its design, partnerships, and
utility have made it a prominent player in the cryptocurrency space. Below, we
break down why XRP stands out and where its potential lies.
Core Features of XRP:
1.) Speed and Scalability – XRP was designed for fast and cost-effective
transactions. It runs at a whopping 1,500 transactions per seconds (TPS), compared
to Bitcoin’s 7 TPS, and Ethereum’s 15-30 TPS. The transactions are confirmed in
about 3-5 seconds, making it ideal for cross-border payments.
2.) Low Transaction Costs
XRP transactions typically cost fractions of a cent, making it attractive for
both micropayments and high-value transfers. This is especially appealing for
remittance services and financial institutions seeking to reduce operational
costs.
3.) Energy Efficiency
Unlike Bitcoin and Ethereum (pre-Merge), XRP does not rely on energy-intensive
proof-of-work consensus mechanisms. Its consensus protocol is far more
sustainable, addressing growing concerns about the environmental impact of
cryptocurrencies.
As of now, XRP has climbed up to Rank No.6 dethroning DOGE Coin from the
previous days which has also gained attention after hearing the news about Elon
Musk and his significance with DOGE coin. But, Why should we invest right now
as early as possible in XRP? And why did it continue to rise even though it dipped
back to 1.0026 after a lot of people took profits last night?
Well one reason to consider is the ending of Ripple Labs Vs. SEC Lawsuit which gave XRP the momentum to climb up in the world of Cryptocurrencies. Once the
frivolous case comes to an end, XRP will gain its dignity back, drawing
investors and more people to invest in the cryptocurrency, marking its rise in
the market. If XRP continues to rise 20%
per day, we will be able to see a 2 digit currency, which once was a
trash to non believers, now may become a gold to those who hold for several
years. Like Bitcoin, It wouldn’t be that long enough to take XRP to rise as
soon as the Ripple Vs. SEC Lawsuit comes to an end.
So what’s next on XRP?
XRP will be in demand by December so as much as possible, investing in XRP
right now will be as worthy as holding it for 7 years.
What are the Key Factors to watch right now in XRP?
Key Support Levels:
1.) $ 1.02
2.) $ 0.986
3.) $ 0.74
Key Resistance Levels:
1.) $ 1.28
2.) $ 1.44
3.) $ 1.67
Psychological Resistance:
1.) $ 1.00
2.) $ 2.06
Moving Average:
MA(7): 0.8394
MA(25): 0.6145
If XRP can hold longer within this price range, it may bounce back with further
gains in the next few hours or days. Also I recommend everyone to follow “Whale Alert” on twitter for massive
Whale Movements that may affect the price of XRP and other tokens. Right now, A
total of 282,205,181 XRP was transferred according to his tweets since yesterday.
Beside XRP, Keep an Eye also on Coins like Hedera Hashgraph (HBAR), Stellar Lumens (XLM), and Polygon Ecosystem Token (POL) which also has potential to rise significantly given that they are low valued coins, and progressing significantly like XRP.
So before dreaming of 2 digits XRP, we must be optimistic about its current price
and on my prediction it may possibly reach $2.00 by the end of November and may
reach $ 3.00 to $ 5.00 by the end of December. We are on the start of the bull
season, and an impending rise is on the horizon is coming at the start of 2025.
Again, This is not a financial advice and I recommend everyone to do their own
research and analysis regarding XRP. I hope everyone is having a good day, and
Goodluck Traders!
