Analyst makes crazy price prediction for Ripple (XRP)!

Armando Pantoja, who is famous for his cryptocurrency analysis, made a surprising price prediction for Ripple (XRP).

XRP is trading at $ 0.654, gaining 8 percent in the last 24 hours, and its market value is currently $ 37 billion. XRP's daily trading volume has tripled, exceeding $ 12 billion. In addition, the popular altcoin has moved into seventh place, leaving USDC behind in terms of market value. According to Santiment, one of the most important factors in $XRP exceeding the $ 0.74 level is investors' fear of missing out (FOMO).

The rise of XRP is linked to Donald Trump winning the US presidential election. President-elect Trump had promised to dismiss Gary Gensler, the head of the US Securities and Exchange Commission (SEC).

The end of the SEC’s legal battle against Ripple with a crypto-friendly chairman seems to have triggered a wave of FOMO among investors who support XRP. In addition, Trump is considering appointing Robinhood’s chief legal officer Dan Gallagher as SEC chairman instead of Gensler.

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 when this structure was last seen, Pantoja sees pricing below $1 as an opportunity. According to Pantoja, the Symmetrical Triangle Formation, the MACD indicator and increasing trading volume signal an increase towards $8-30.

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