XRP, Pure Boom! 😎💥💸
Bitcoin's dominance could be signaling an "altcoin season," which could benefit XRP. According to Ryan Lee, lead analyst at Bitget Research, XRP could reach $2.57 before the end of 2024.¹
Furthermore, the departure of SEC Chairman Gary Gensler on January 20, 2025, could fuel a rally in the cryptocurrency sector. This, coupled with Trump's inauguration as president, could lead to an increase in investors' risk appetite.
Among the reasons that could boost the price of XRP are:
- *Trump's victory in the US elections*: Trump's victory generated bullish sentiment in the digital asset market.²
- *The potential XRP ETF*: Further progress on the potential XRP ETF could be a major price catalyst for the coin.
- *The influence of the Bitcoin halving event*: Historically, XRP has shown significant growth around 228 days after a Bitcoin halving.
It is important to note that the cryptocurrency market is highly volatile and speculative, so it is essential to conduct thorough research and consider different sources before making any investment decisions.