The Great Ripple (XRP) Explosion is Coming — Analysts.
NAIROBI (CoinChapter.com)— Crypto analysts are predicting a major breakout for Ripple (XRP) as the digital asset climbs 14.71% over the past week to trade at $0.582. After nearly three years of being range-bound, experts believe XRP is set for what they call an “explosive” move.
Is XRP Breaking Out of a 1,000-Day Stall?
Crypto analyst 360Trader described XRP’s prolonged price stagnation as a “price pinch” that has lasted for nearly three years. He warned that the apparent calm could soon give way to a major price movement, saying, “The explosion is coming… sooner rather than later.” Similar patterns in the past, according to him, have often led to sharp price surges.
Ripple ( XRP) Price Pinch Signals Imminent Breakout. Source: X
Another analyst, Dark Defender, claimed that there is likely a bull run beginning on November 24, based on technical factors such as a reversal in the average Bitcoin Dominance factor by relative strength index for the month. He said that it reminded him of ‘January 2021’ when XRP increased from $0.17 to $1.97.
XRP Chart Hints at Election-Driven Rally. Source: Mikybull/X
Another crypto analyst, Mikybull Crypto, highlighted XRP’s strong performance after the U.S. election cycle. He suggested that macroeconomic factors tied to elections often create conditions for XRP to rally. Based on historical patterns, Milkybull’s analysis pointed to $19 as a possible target for the token.
Potential Catalysts for Ripple Token Growth
Ripple may soon launch a dirham-backed stablecoin after RLUSD, leveraging the UAE’s supportive regulations and stablecoins’ $3 trillion growth potential.
UAE Leads Stablecoin Era with Regulations. Source: X
Ripple CEO Brad Garlinghouse hinted that a Trump administration could end Ripple’s litigation with the SEC, fostering a crypto-friendly environment.
Brad Garlinghouse Highlights XRP’s Bright Future. Source: X
Additionally, the departure of SEC Chair Gary Gensler could reshape the regulatory landscape. Gensler’s leadership faced criticism for its stringent approach to crypto.
With over 4 billion in reserves, the company can incentivize developers to build on the XRP Ledger, boosting adoption and network activity.
With technical signals aligning and potential catalysts on the horizon, XRP could be on the verge of a breakout.
The post The Great Ripple (XRP) Explosion is Coming — Analysts appeared first on CoinChapter.
