๐ค๐๐๐ ๐๐๐๐ ๐๐๐๐ผ๐๐ฟ ๐๐๐๐ 8$ ๐๐๐ฟ๐ ๐ผ๐๐ฟ ๐๐๐๐ ๐พ๐๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐ฟ ๐๐๐๐๐๐ฐ๐ค๐ธ
๐๐Hold on to your hats, Bitcoin enthusiasts! Despite the recent market downturn and XRP's price falling below $0.50, analysts like Dark Defender are still optimistic. They predict that XRP could reach highs of over $5 if key support levels are maintained. ๐๐ช
The ongoing legal battle between Ripple and the SEC remains a critical factor for XRP's future prospects. The case has been adding layers of complexity, but the outcome could trigger an XRP rally. ๐๏ธ๐ฎ
XRP's price tumbled by almost 10% weekly, dipping below the $0.50 mark for the first time since mid-April. Despite this, Dark Defender believes XRP can still jump to a peak of $5.85 and later to a whopping $18.22 as long as it trades above the two major support levels - $0.46 and $0.39. ๐ข๐ฐ
The analyst also forecasts that the global cryptocurrency market capitalization could surpass $23 trillion by January 2025. With XRP currently accounting for less than 1.2% of that share, its price could rise to approximately $2.80 if the market cap explodes to that level. ๐๐ธ
However, the analyst expects much more substantial gains, predicting that "most of the useless crypto assets will be vaporized" along the way, giving XRP extra room for growth. ๐๐
Another analyst, EGRAG CRYPTO, believes XRP is yet to experience a major bull run. The analyst presented a chart, which shows that XRP's latest weekly candles have not dropped below a certain resistance zone. ๐๐
So, keep your eyes peeled for news on the Ripple v SEC front. A positive outcome for Ripple in its legal battle could be the trigger for an XRP rally. Stay tuned! ๐ฐ๐