Top analyst predicts XRP to hit $2.2 if Bitcoin breaches a crucial barrier, sparking optimism amid Ripple SEC lawsuit conclusion anticipation and other market trends.
XRP News: Top Analyst Predicts Rally To $2.2
In XRP news, a series of positive developments has fueled market optimism, with many expecting a potential rally ahead. Amid this, a top crypto market analyst, EGRAG CRYPTO, forecasts an XRP rally to $2.2 if Bitcoin breaks the $100,000 barrier. This has sparked discussions, especially as optimism soars over BTC’s potential rally to $100K ahead. This also comes as speculations soar over the crypto’s potential rally to $1.
In a recent X update, the expert revealed that XRP’s 42% drop against BTC is setting the stage for a “massive rotation.” According to EGRAG CRYPTO, as BTC/USD approaches a new all-time high, its dominance will decline, triggering a liquidity rotation. This rotation will propel Ripple’s native crypto to 0.000022, translating to a price of $2.2 if BTC reaches $100,000. 
Source: EGRAG CRYPTO, X
Ripple SEC Lawsuit In Play?
The Ripple Vs. SEC lawsuit has been one of the hottest topics among other XRP news in recent months. Having said that, the market also seeks clarity on the impact of the lawsuit on the crypto’s value. While many deem the legal battle to have hindered a rally in the crypto, lawyer Bill Morgan said that it’s hard to explain what actually “moves XRP price.” However, he noted that the lawsuit may have an impact on it.
Despite that, crypto experts are optimistic about the crypto, given Donald Trump’s victory in the US Election in 2024. The market anticipations soar over the potential exit of the US SEC Chair Gary Gensler as soon as this year under Trump’s presidency, which they claim to be beneficial for the broader crypto market. Many also anticipate a conclusion or settlement in the Ripple lawsuit under the new regulatory leadership.
In addition, expectations also rise over a potential XRP ETF approval in the US ahead. Some also predict BlackRock to file for the investment instrument in the coming days. Besides, rumors have swirled that Ripple might consider a dirham-backed stablecoin launch in the UAE, given recent updates from the firm.
Altogether, these series of developments hint at a potential rally for the crypto in the coming days. Meanwhile, XRP price today was up 0.6% during writing and traded hands at $0.551.
However, despite soaring optimism over the rally to $2.2, a recent XRP price analysis hints that Fed Chair Jerome Powell’s speech might delay the crypto’s surge to $1.3. Besides, CoinGlass data showed that its Futures Open Interest was also muted, indicating that the investors are seeking more clarity before putting further bets in the crypto.
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