News from Ripple: XRP's Rising Trading Volume Is a Positive Signal Despite Legal Issues
The fifth-biggest cryptocurrency, XRP, is moving in a different direction as it breaks free of bearish impact. XRP's trading volume exceeded $2 billion in the last day, a significant rise of more than 160% when compared to earlier figures. XRP hit $0.58 during this period, which was one of its highest prices in the previous two months. The fact that this spike occurred without any notable advancements in the ongoing legal dispute over XRP in the US is fascinating.
However, since the digital asset obtained regulatory clarity three months ago, the SEC's influence over XRP has decreased. Now that this regulatory hurdle has been removed, XRP is in a position to pursue its previous all-time high, and it may even surpass it in the approaching bull market, according to some experts.
Analyst Charts: Intriguing Opportunities
Experts from the banking industry and cryptocurrency trading community have offered a range of predictions on XRP's future performance. For example, XRP's last advance, according to chartist Dark Defender, might reach levels between $13 and $18, based on a technical analysis using the Elliott Wave pattern. EGRAG, another well-known chartist, provides a more audacious prediction of $27.
Furthermore, given that XRP has been steadily accumulating value for more than 68 months, some analysts predict that the final XRP rise will hit $90. Even more audacious forecasts indicate that XRP may trade at $500, highlighting its significance for the financial industry.
