Top Ripple (XRP) Price Predictions

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As a seasoned researcher with over two decades of experience in the financial markets, I’ve seen my fair share of bull runs and bear markets. The recent surge in XRP has caught my attention, especially given its impressive 330% gain in the last month. However, as someone who has closely followed the cryptocurrency landscape since its inception, I remain cautiously optimistic about XRP’s future price trajectory.

TL;DR

  • Despite plunging in the past 24 hours, XRP has surged significantly in the last 30 days, with analysts predicting additional gains.
  • Leadership changes at the SEC could influence the outcome of Ripple’s legal battle and XRP’s price trajectory.

The Calm Before the Storm?

Over the past month, Ripple’s XRP has seen an extraordinary surge in value, increasing by an astounding 330%. It reached a nearly six-year high of $2.82 on December 3. At present, it is trading around $2.38, marking a 6% drop compared to its daily price.

Based on several prominent experts’ views, XRP could potentially experience significant increases in the upcoming period. User Ali Martinez posits that the asset appears undervalued following its breakout from this extensive multi-year symmetrical triangle. He has established a “conservative expectation” of $8.40 and an “ambitious prediction” reaching an impressive $48.12.

Experienced trader Peter Brandt also voiced his opinion on the matter. He asserted that XRP boasts “the most potent chart in the entire cryptocurrency realm.” It is noteworthy that Brandt has often been vocal about his reservations regarding Ripple’s token, frequently questioning its worth and prospects in the past.

User CRYPTOWZRD from platform X put forward a comparable perspective, suggesting that the market capitalization of XRP could potentially reach a fresh peak of $270 billion.

XRP’S BEAUTY

The most beautiful chart in the whole space ..

Hello Bears, I apologize… You’ve had a good run for some years now, but it seems that the bullish trend for XRP is gaining momentum. The next significant milestone could be around $270 billion, and it may not halt there.

See you at a new all time high…

— CRYPTOWZRD (@cryptoWZRD_) December 8, 2024

At this moment, its valuation is approximately $136 billion, positioning XRP as the fourth largest cryptocurrency, with Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) holding the top three spots respectively.

The Ripple v. SEC Lawsuit Remains a Burden

A potential boost for XRP’s price could stem from a positive outcome in the prolonged legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC), which has been ongoing for four years.

Recently, Gary Gensler, who currently holds the position as chairman at the agency, announced that he will be stepping down in January next year. Given that President Donald Trump had pledged to dismiss him immediately upon taking office, his departure was generally anticipated.

Gensler is recognized for his critical stance towards the digital asset sector, having filed numerous legal actions against cryptocurrency companies during his term.

Last week, Trump nominated former SEC Commissioner Paul Atkins to spearhead the securities regulator. The latter has been a consistent advocate of the crypto sector, and it will be interesting to see whether the Ripple case will reach a faster conclusion under his leadership.

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2024-12-09 14:52