XRP Token | Recent NEWS and Future Possibility

Hello Readers,

I hope all of you are doing well in life and also enjoying this winter season with your family and friends. If you have been following the bull trend in the crypto market lately, then you have probably noticed a lot of chatter about the token XRP. This crypto token, developed and run by the company Ripple, has been making some waves in the market with its recent price moves, and many analysts believe that it could be a major player in the ongoing crypto altcoin bull run. But what exactly is going on with XRP? But why suddenly and experts and investors so bullish on its future? In this post, let us try to break it down while taking a look at some recent news on XRP. So, if you are interested, let us take a dive without any further ado.

XRP and 2017’s Bull Run

The well-known Crypto analyst Crypto Vilian has compared XRP’s current performance to its behavior during the late 2017 bull run. Back in that time, XRP followed a predictable pattern - a long bearish decline, followed by a steady recovery, then a consolidation phase and finally, an explosive breakout to its all-time high in the early 2018 time. Now coming forward to today, XRP seems to be tracing a similar trajectory. After years of time in bearish trends, the token has broken out already, entering a recovery and consolidation phase. Now if it really follows the same trend as we know history repeats itself, XRP could be on the verge of another massive surge in the near future. Crypto Vilian even suggests that the XRP could exceed a $1 trillion market cap in this bull-season cycle, which translates to a price of over $17 per token. Is it a wild dream or a future reality?

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Missing Out on XRP?

Popular crypto market commentators like Xoom have also emphasized the importance of holding the XRP coin during this bull run. He indicated that ignoring the token’s true potential now could be a missed opportunity in the near future for investors, especially those who are aiming to ride the wave of the crypto market’s wild growth. Despite a recent dip in its price, with XRP trading at around $2.24 after a 10.51% weekly decline, it is still one of the best-performing cryptocurrencies in this current cycle. Just around three weeks ago, it made a solid hit with a seven-year high of $2.90 price. According to analysts, these fluctuations are very normal looking at the volatile trend, but XRP’s long-term potential remains strong and bright.

Key Price Levels to Watch

While Crypto Vilian’s outlook looks optimistic to me, he focused his fingers to understand the importance of Bitcoin’s influence. If Bitcoin’s bullish trend continues, altcoins like XRP could follow the same trend possibly giving amazing returns. Vilian has identified price targets of $8 to $13 as critical levels for XRP, which is already high compared to its current price. However, as per his prediction, if these levels are breached, then the XRP token could achieve nearly 100x growth from its lows of $0.30 value. However, it is important to note that the road to reach these highs is not guaranteed and in fact very hard to reach without heavy buying. It would be best for investors to make cautious moves and are advised to take profits at key points during the rise, rather than try waiting and aiming for the exact market top. As the crypto analyst Vilian said recently, “No one went broke taking profits early.”

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Ripple’s Moves & Community Speculation

Ripple, the company behind the XRP token has recently transferred around 90 million XRP tokens, which are worth about $200 million, in two major transactions. These transfers have raised mixed speculations about Ripple’s future plans and the XRP token’s future trajectory from this point. Now on top of this excitement, Ripple’s CTO, David Schwartz has also recently tweeted about “10x times” growth, sparking both support and some debate among the XRP community. Some people are also interpreting this as a hint that XRP could reach $10 soon, while others are discussing broader implications for the token’s price.### What’s Next for XRP? As of now, XRP’s price is hovering around $2.20 for some time and it is right now consolidating after the recent volatility. Analysts like Ali Martinez have pointed to XRP’s $2.20 price point as a critical support level. If this holds, XRP could then aim for its next resistance which is at $2.70.

However, if this coin fails to do so, a drop to $1.96 could be seen on the way. So, let’s see which way this token runs from here.However, despite the uncertainties, the excitement around XRP is noticeable in the market. Whether it is the token’s potential to replicate its past - the 2017 explosive growth or the Ripple’s significant token transfers, there is plenty to keep a watch on it and find out what cooks in the coming weeks.##### Please note - Nothing I said in this post is financial advice. Please do your own research before investing in crypto.

Information Source

• https://coinmarketcap.com/community/articles/

• https://en.wikipedia.org/wiki/XRP_Ledger

I hope you all loved reading my post about XRP and its recent buzz and let me know your thoughts regarding this topic in the comment section below. That’s all for today and I will be seeing you all in my next post.

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