đđ Could XRP See a Bullish Run Like in 2017? Analyst Weigh In
đ XRP Set for Major Breakout
Crypto analyst Javon Marks highlighted XRP's unusual trends, predicting a significant rise. He pointed to RSI patterns showing a bullish breakout from a 7-year Pennant Pattern, potentially leading to a rally similar to its 2017-2018 surge.
đ Mixed Sentiments on XRPâs Future
While some XRP enthusiasts see hope for a strong upward movement, others are skeptical. Some users on X believe XRPâs best days are behind it, suggesting Dogecoin could surpass XRP in market cap, and advising holders to seek higher-performing assets.
đ $XRP Consolidating at $0.54
XRP is currently trading around $0.5416, consolidating over the past week. Marksâ forecast aligns with this phase, though itâs uncertain if the breakout will be as dramatic as anticipated.
đŠ Grayscale's Role in XRPâs Future
Grayscale is pushing to convert its $520 million Digital Large Cap Fund, which includes XRP, into a spot ETF. If approved, this could boost XRPâs institutional demand and improve its price performance.
