The XRP price has been drawing a moving graph in recent days. A famous analyst argued that XRP could reach $ 222 if the historical rally in 2017 repeated. So, what kind of future is waiting for Ripple investors?
Is XRP preparing for a large rally?
Analyst Ekrag Crypto says XRP has entered the “kangaroo stage .. This term describes the periods when the market tends to rise but tend to rise. According to the analyst, the XRP has created a strong support by clinging over its fibonacci levels.
Looking at the historical data, XRP had experienced a explosive rally after making a similar movement in 2017. If the same scenario is repeated, the first $ 8.50 to $ 13 band can be targeted. It is estimated that the price may rise up to 27 dollars and even to 222 dollars in the long term.
Can Trump support XRP?
The XRP market has further moved with the statements of former US President Donald Trump. Trump’s claim that XRP plans to add to the US strategic reserve list attracted the attention of investors.
The positive attitude of the Trump administration to the crypto created great excitement in the markets. If this step takes place, it seems likely to adopt and increase the price of XRP by corporate investors.
SEC Case is solved: Is the last turn for XRP?
One of the biggest factors affecting XRP’s price movements is the case with the US Securities and the Stock Exchange Commission (SEC). Legal experts say that the Ripple case may result in March.
SEC has recently reduced many crypto cases. This made investors more optimistic about Ripple. If a decision is made in favor of Ripple, this development can give a great momentum for the XRP price.
Can XRP repeat the explosion in 2017?
Past data, market support and regulatory developments draw a positive picture for Ripple. Although the estimation of the $ 222 seems to be ambitious for now, it should not be forgotten that sudden rise in the crypto market is frequently experienced. In addition, reports that Ripple can reach $ 30 until May 2025 excite investors. However, considering the volatility in the crypto market, investors need to act carefully.
