Ripple (XRP) price expected to explode to $27 but is it over? Cryptocurrency scrgruppen
Turkish lire; Dr
- EGRAG CRYPTO analyst suggests XRP could reach $27 following Ripple’s legal win and role in cross-border payments.
- Investors are advised to be cautious due to potential downturn in the broader market.
- Previous XRP price forecasts from various analysts vary widely, from $1.40 to $500.
More upside after Ripple’s second win
Popular cryptocurrency analyst who goes by the handle X (Twitter) EGRAG CRYPTO opinion The latest developments surrounding Ripple could serve as a catalyst for its native token – XRP – to rise to $27.
They argued so Another win for the court For the Blockchain Foundation, this represents a huge benefit for the coin, whose status now provides “a notable degree of legal clarity, making it a leading digital asset in terms of regulatory recognition.”
Additionally, the analyst mentioned that XRP is involved in solving cross-border payments, which is another bullish factor.
On the other hand, EGRAG CRYPTO said investors should remain aware of the broader financial landscape which is currently not in the best condition. Moreover, some technical analysts have predicted a 40% to 50% decline in both stock and stock markets which could impact the cryptocurrency industry.
“I wholeheartedly support this exciting ride for $27, but we must also be prepared for the unexpected, which could put XRP’s legendary title, ‘The Rise of The Phoenix,’ to the test,” they concluded.
It is worth noting that a price of XRP at $27 means a massive market cap and an increase of more than 50x from its current price.
Previous forecasts
The last time EGRAG CRYPTO gave a forecast on the valuation of XRP was at the end of September. they Plasmodium A rise to $1.40 if the coin closes above the 0.5 Fibonacci level at 0.57°C “with undeniable confirmation.”
X users Dark Defender and Shannon Thorp were also among the people who bid their two cents on the future price of XRP. the previous Believes The asset is ready to rise towards $5.85, while the latter He said The ridiculous $500 mark is in the cards.
Those who want to know ChatGPT’s opinion on this matter can take a look at the video below:
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