While BTC and other assets surged, XRP held steady, but analysts predict it could break out if it exceeds key resistance levels.
Some experts see potential regulatory changes under Trump’s administration boosting XRP’s performance.
New ATH After This Significant Milestone?
The cryptocurrency market has experienced another bullish wave in the past 24 hours, with many leading assets pumping hard. Bitcoin (BTC) reached a new all-time high of almost $77,000, Cardano (ADA) witnessed a price increase of nearly 20%, while Ethereum (ETH) is inching toward $3,000.
Contrary to that, Ripple’s XRP is once again among those charting little-to-no gains. It currently trades at approximately $0.55, the same level witnessed on November 7.
XRP Price, Source: CoinGecko
Despite its underperformance (compared to the rest of the market), numerous analysts remain optimistic that it might soon join the party. The popular X user Dark Defender claimed XRP “bounced back from our blue support level and touched the Ichimoku Weekly Clouds.” The trader also assumed that the asset’s weekly RSI (Relative Strength Index) was about to signal a golden cross.
Having that said, they set $0.6649 as a crucial resistance mark, after which XRP could explode to $1.88 and then an all-time high of $5.85.
Other bullish opinions came from Mikybull Crypto and Ben Armstrong (better known as “BitBoy”). The former predicted an incoming “huge acceleration” for XRP’s price, similar to what was observed after the previous US presidential elections. Recall that Donald Trump won the most recent (held earlier this week) and will officially become America’s 47th President in January next year.
Surpassing $1 for Good Under This Condition
Another industry participant who gave their two cents on the matter was the X user EGRAG CRYPTO. The analyst maintained that XRP’s value has been tracing the so-called “just do it” pattern (resembling Nike’s logo). The trader speculated that this trend could push the price to $1.60 in the future.
The post Ripple (XRP) Can ‘Make History’ if It Surpasses This Crucial Resistance Zone (Analyst) appeared first on CryptoPotato.
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