Ripple’s XRP faces additional hurdles as SEC appeals.
XRP analyst shares latest price prediction called worst case scenario prediction.
Despite the odds, XRP is set to make new ATHs despite the uncertainties.
The SEC’s latest appeal in the Ripple case has led XRP investors to once again find strength in the face of growing FUD. Amidst the chaos, one reputed crypto and XRP analyst who has shared multiple bullish XRP price predictions using a variety of chart indicators shares his latest ‘worst-case scenario’ prediction.
XRP Endures Despite All Unseen Odds
https://twitter.com/egragcrypto/status/1842107371411132703
As we can see from the post above, the chart leans in favor of a bullish future XRP price even in the worst case scenario. The analyst highlights the many causes of regulatory uncertainty and highlights many promising signs that signal a strong XRP price pump, even in the event of a continued legal struggle.
Egrag Crypto goes on to highlight how back in December 2020, when the SEC first filed its lawsuit against Ripple, XRP suffered a substantial decline. However, the asset quickly rebounded, achieving a remarkable 10x increase from its lowest point. If a similar recovery follows the SEC’s current appeal, XRP could reach a price between $5 and $6.
New XRP ATH Targets Expected
Should this bullish trend extend further, technical analysis suggests XRP may even approach the Fibonacci 1.618 level, hovering around $6.50. In addition, Bitcoin’s performance is expected to influence XRP’s price movement. During the last market cycle, XRP surged to $1.96 while Bitcoin peaked at $68,000.
The analyst believes that if Bitcoin reaches a new all-time high between $80,000 and $100,000 during the 2024-2025 cycle, XRP could experience similar percentage gains. If Bitcoin hits $80,000, XRP could climb to $2.31. Should Bitcoin rally to $100,000, XRP’s value might rise to $2.88. While these figures represent a worst-case scenario, the analyst suggests that XRP has the potential for strong performance despite the legal challenges it faces.
The post XRP Faces Potential Gains Despite SEC Appeal, Analyst Shares Worst-Case Scenario Predictions appeared first on Crypto News Land.
