XRP Price Prediction: Should You Buy Now or Wait?
XRP Soars 24%: Driven by Legal News
XRP is propelled by positive news from the legal environment. The resignation of SEC Chairman Gary Gensler and the potential for his successor to have a more favorable attitude towards cryptocurrency have provided significant momentum for the market.
Impact from the SEC Lawsuit
The ongoing legal battle between Ripple Labs and the SEC has been a major barrier holding back the value of XRP for years. However, with potential regulatory changes, the community and experts expect XRP to rebound strongly, even reaching a market capitalization of over 100 billion USD, as attorney John E. Deaton predicts.
XRP Price Trend Prediction
1. Short-term Target:
Analyst Scofield predicts XRP will soon reach the milestone of 5 USD, marking a new all-time high (ATH) after breaking through significant price patterns.
2. Positive Technical Indicators:
According to CrediBull Crypto, XRP's RSI against USD is entering the overbought zone for the first time in 3 years, indicating strong price momentum.
Buy Now or Wait?
• Prioritize Buying: You believe XRP will continue to grow in the medium and long term due to improvements in the legal environment and support from the community.
• Wait: You want to wait for a natural price correction after the strong growth, especially since the RSI is at a high level, signaling the potential for a short-term correction.
Note:
Cryptocurrency is always highly volatile, so proper capital allocation and consideration of risk levels are very important. If the price surpasses the 2 USD mark, it may signal a stronger upward trend.