Famous analyst Crypto King recently made a bold statement: XRP has a chance to rise to $7, which is more than double the current price. Doesn't that sound a bit tempting?

Moreover, this is not baseless. In the past two weeks, over 700 million XRP have been withdrawn, directly reducing the selling pressure on exchanges—simply put, there are significantly fewer "sell bombs" in the market.

What's even more interesting is that XRP's NVT ratio (an indicator measuring value and on-chain activity) surged 44% within 24 hours, indicating that its value growth rate has surpassed the on-chain trading activity, which is usually one of the signals for a long-term bullish outlook.

Additionally, Ripple is currently awaiting further response from the U.S. SEC. Once there is favorable news, it may completely clarify XRP's legal status, paving the way for institutional investments.