According to Armando Pantoja's analysis, the future growth potential of XRP remains optimistic, despite the uncertainty in the market. Here are some key points:
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Historical explosive growth of XRP:
Pantoja mentioned that XRP traded as low as $0.003 in January 2017 and surged to $3.31 in early 2018, an increase of 110,233%. This historic growth highlights XRP's explosive potential, supporting the analyst's optimistic view.
Pantoja believes that this historic increase indicates XRP may experience similar explosive growth again, especially considering the current market environment and potential catalysts.
Market uncertainty:
Although XRP performed poorly in the early stages of the 2021 bull market, and the current range volatility has raised investor uncertainty, Pantoja still advises investors to maintain confidence and stop doubting XRP. He points out that XRP's historical volatility and explosive growth provide strong support for its future potential.
Pantoja emphasizes that despite XRP's current performance slowdown, an explosive growth pattern similar to the 2017/2018 cycle remains possible.
Potential catalysts:
Outcome of the SEC lawsuit: Pantoja points out that the SEC's case against Ripple may conclude soon, and this outcome could serve as a catalyst for an XRP price explosion.
New leadership in 2025: He also mentioned that new leadership supporting cryptocurrencies is expected to emerge in January 2025, particularly a Trump administration that may adopt a more cryptocurrency-friendly policy, which could again boost XRP and other crypto assets.
Current market performance:
Despite XRP's current price volatility, as of the time of writing, the price of XRP is $2.16, up 10.71% in December. Pantoja believes that at this stage, XRP still has significant growth potential, especially in the event of a market recovery.
Although XRP faces market uncertainty and short-term price volatility, Pantoja remains optimistic about XRP's future, particularly when considering its historical growth potential and potential catalysts (such as the SEC lawsuit outcome and support from new leadership). For investors, Pantoja's advice is not to lose confidence in XRP's future, especially during the current bull market cycle, as XRP may still experience explosive growth.
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