bullish

Donald Trump

TL;DR
<ul>
 <li>XRP briefly touched $0.60 but trails behind many other cryptocurrencies in terms of weekly gains.</li>
 <li>However, analysts believe it can experience a significant rally under some important conditions.</li>
</ul>
<h2 id="span-data-preserver-spaces-true-a-href-https-cryptopotato-com-wp-content-uploads-2024-11-xrp_cb-58-jpg-data-wpel-link-internal-rel-noopener-noreferrer-nofollow-a-span"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRP_CB-58.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a></h2>
<h2 id="is-it-time-for-xrp-to-shine">Is It Time for XRP to Shine?</h2>
Ripple’s XRP witnessed a solid resurgence in the past week, with its price jumping by 14% and briefly crossing $0.60. However, it slightly retraced in the past 24 hours to the current $0.585.
<figure id="attachment_370106" aria-describedby="caption-attachment-370106" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-4.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-370106" src="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-4.png" alt="XRP Price" width="574" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-4.png 842w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-4-300x209.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-4-768x535.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-Price-4-50x35.png 50w" sizes="(max-width: 574px) 100vw, 574px"></a>
 <figcaption id="caption-attachment-370106" class="wp-caption-text">
 XRP Price, Source: CoinGecko
 </figcaption>
</figure>
While XRP is in the green zone on a weekly scale, its gains are much less substantial than those of other leading cryptocurrencies. Recall that Bitcoin (BTC) <a class="editor-rtfLink" href="https://cryptopotato.com/doge-shib-explode-by-double-digits-btc-charts-a-fresh-peak-close-to-82k-market-watch/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">hit</a> a new ATH of over $84,000 earlier today (November 11), Cardano (ADA) has exploded by 80% in the past seven days, and Dogecoin (DOGE) tapped a three-year high of $0.31.&nbsp;
Nonetheless, several analysts remain optimistic that Ripple’s native token has yet to make the headlines. One person touching upon the matter was X user LEB CRYPTO. The trader <a class="editor-rtfLink" href="https://x.com/leb_crypto/status/1855543902998061279" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">predicted</a> that XRP “can full send” once Ethereum (ETH) and Solana (SOL) “cool down.”&nbsp;
It is worth noting that ETH had lost some steam in the past 24 hours, with its price dropping below $3,200. However, it’s up again to $3,250 as of writing these lines. SOL keeps pumping and is currently worth around $220 (after registering a 5% daily increase).
For their part, Dark Defender <a class="editor-rtfLink" href="https://x.com/DefendDark/status/1855929425281380555" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">noted</a> XRP’s brief spike to $0.60, claiming it is poised to beat the “Diablo” resistance zone of $0.6655. CRYPTOWZRD <a class="editor-rtfLink" href="https://x.com/cryptoWZRD_/status/1855799125490503992" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">said</a> “we need more bullishness from XRP/BTC&nbsp;to expect a further bullish rally towards $0.65.”
<blockquote>
 “XRP/BTC needs to breakout above the 0.000007850 BTC resistance target area, a successful bullish breakout of that resistance will offer an upside rally which will help XRP to become bullish with it.
 XRP should see a quick rally towards $0.6500, and for now, $0.5500 will be the main daily support target. Both Bitcoin and XRP/BTC will be leading the next move,” they concluded.
</blockquote>
<h2 id="span-data-preserver-spaces-true-the-ripple-v-sec-case-remains-an-obstacle-span">The Ripple v. SEC Case Remains an Obstacle</h2>
One potential factor putting the breaks on XRP is the ongoing <a href="https://cryptopotato.com/the-ripple-v-sec-case-resembles-moby-dick-the-companys-clo-explains-why/" data-wpel-link="internal" rel="noopener noreferrer nofollow">lawsuit</a> between Ripple and the US SEC. It dates back to December 2020, when the regulator accused the company and some of its executives of illegally raising more than $1.3 billion in an unregistered securities offering by selling its native token.
The case underwent numerous developments in the following years. Last month, the SEC <a class="editor-rtfLink" href="https://cryptopotato.com/sec-provides-details-with-last-minute-appeal-in-ripple-xrp-ruling/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">appealed</a> a 2023 verdict set by Judge Torres. The move is likely to delay the final resolution for another few years.
Conversely, an official end might come earlier than expected if Donald Trump sticks to his <a href="https://cryptopotato.com/10-promises-donald-trump-has-made-regarding-bitcoin-and-crypto/" data-wpel-link="internal" rel="noopener noreferrer nofollow">promise</a> and fires the SEC’s Chairman, Gary Gensler. At least, that is what the American lawyers Jeremy Hogan and Fred Rispoli believe.
The former <a class="editor-rtfLink" href="https://cryptopotato.com/heres-what-may-happen-to-the-ripple-v-sec-case-under-trumps-administration-us-lawyer/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">thinks</a> the regulator’s new regime could dismiss all non-fraud crypto lawsuits filed over the years. He argued that the Ripple case may be officially settled for <a href="https://cryptopotato.com/ripple-fined-125m-in-lawsuit-against-sec-xrp-price-soars-20-immediately/" data-wpel-link="internal" rel="noopener noreferrer nofollow">the previously ruled amount</a> of $125 million.
Rispoli claimed that Trump’s election might lead to “extreme changes” at the SEC. He also assumed that the $125 million fine could end the lengthy legal tussle.
The post <a href="https://cryptopotato.com/bullish-ripple-xrp-price-prediction-heres-when-the-bull-run-is-coming-analyst/" rel="noopener noreferrer nofollow">Bullish Ripple (XRP) Price Prediction: Here’s When the Bull Run is Coming (Analyst)</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Bullish Ripple (XRP) Price Prediction: Here’s When the Bull Run is Coming (Analyst)

Table of Contents

CryptoPotato_News

Other articles published on Nov 11, 2024

Trump’s Win Boosts Bitcoin Prices Dramatically

Ethereum Whales Are Cashing Out! Can ETH Price Hold After Justin Sun’s $60M Sell-Off?

Digital Asset Inflows Hit $1.98B Post-U.S. Election, Global AUM Reaches Record $116B

Bitcoin ETFs Surge with Record Inflows as Price Nears All-Time High

How to Safely Purchase SSV Network Coin

Cryptocurrency Markets Experience Significant Surge Today

Join our free newsletter for daily crypto updates!