Hello Folks! Merry Christmas to you all and happy holidays. XRP (Ripple) must put a tag like 'Warrior or may be a knight of our crypto empire', mostly due to its unwavering commitment to challenge the ghosts of regulators and then successfully defeating them inside a court bowl. That's now done and dusted and it seems that XRP (Ripple) has almost recovered completely and now it will aim at taking the leader seat, once again. Does that mean a freaking breakout? A jumbo rally!
Talking about the leadership, XRP (Ripple) was number 2 on the market cap in 2018. The price of 1 XRP even went past $3. In the bull market of 17/18, XRP had dominated altcoin market with a staggering half of Bitcoin's market cap. There seemed no stopping and in a year or so XRP surged around 50000%. Many of us started to believe that a 'Flippening is around the corner'
However all those dreamy days disappeared once the villain Ghost made entry. In Dec 2020, SEC had charged Ripple on account of $1.3 Billion unregistered securities offering. With that blow, the the value of Ripple nosedived and rest is 'The Ripple Retaliation' that we all are aware of.
From then to now, XRP has been in an era of much under the pump, only if we leave the 2021 bull run where most other cryptocurrencies outperformed XRP by a fair margin.
Considering the current scenario for XRP, it has won partially against SEC and the future is thus secured for Ripple. But after that sudden breakout to $0.90 for the court's decision, the prices of XRP has remained quite for more than 6 months now.
However, recently we witnessed a short rally for XRP when the prices surged to $0.75 from $0.50 levels.That rally was short-lived and prices came back to $0.55 to $0.60 levels.
What is quite evident here is that, XRP has remained in this channel for more than 2 months now and this is definitely a strong indication of consolidation for a major breakout. The major liquidity is sitting at around $0.55 and XRP hasn't retested that for over 60 days now.
As this market scenario does not relate to what we are seeing with other altcoins. But this definitely doesn't mean that the time is over for XRP. The bull run has just started and whichever coin can consolidate first, makes a move higer. In that case XRP's push to reach $1 seems not very far.
At last, it's prediction time.
XRP price in 2023 .....can you guess???
In 2024..... The highest it may reach is $4.
In 2025..... It's when I suppose XRP's gonna take lead and I won't be surprised at all if it goes to $25 per coin. But on realistic terms and conditions of predicting, it will touch $10 before the end of 2025.
A Brief Note About Me: Although I would love to be called as the greatest predictor of all times but as I am unknown of maths with charts, so I advise you to DYOR before investing.
But Take a Look What I have Predicted And Seems Like I was Right... Not-So-Technical again.
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As Always Thanks for Reading and Tipping
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