Armando Pantoja, who analyzes cryptocurrencies, made a surprising price prediction for Ripple ($XRP ).
#XRP has gained 8 values in the last 24 minutes and is trading at $ 0.654, and its market value is currently $ 37 billion. XRP's daily trading volume has exceeded $ 12 billion to save three pieces. In addition, the popular altcoin has moved into seventh place, surpassing USDC in terms of market value. According to Santiment, one of the most important factors in XRP's exceeding the $ 0.74 level is the fear of missing out (FOMO) of the features.
So what level did famous cryptocurrency analyst Armando Pantoja target for XRP?
Donald Trump effect FOMO initiated in Ripple (XRP)
XRP's rise is related to Donald Trump winning the US presidential election. President-elect Trump had said that Gary Gensler, the head of the US Securities and Exchange Commission (SEC), would remain loyal to the task.
The end of the SEC's legal battle against Ripple with a crypto-friendly chairman seems to have triggered a wave of FOMO between blocking XRP. In addition, Trump is considering appointing Robinhood's chief legal officer Dan Gallagher as SEC chairman instead of Gensler.
30 could be a good move!
Referring to the technical structure in XRP, Armando Pantoja expressed a price prediction that excited investors. According to the analyst, the "Symmetrical Triangle Formation" formation on the chart indicates a major rise for XRP. Stating that XRP exceeded $ 3 in the last region, Pantoja sees pricing below $ 1 as an opportunity. According to Pantoja, the Symmetrical Triangle Formation, the MACD indicator and the increasing trading volume give a correct upward signal in the direction of 8-30.
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