$XRP XRP seems poised for a new bullish phase, supported by several key factors:
Key Catalysts:
✅End of Ripple's Lawsuit Against SEC: After years of legal uncertainty, Ripple announced the withdrawal of its cross-appeal, and the SEC is also expected to withdraw its appeal. This removes a significant obstacle for XRP and brings much-awaited regulatory clarity.
✅Probability of ETF Approval for XRP: With the legal case resolved, expectations have significantly increased regarding the approval of spot exchange-traded funds (ETFs) for XRP in the United States. Analysts believe there is a 95% chance of approval, which could bring massive institutional inflows.
✅Increasing Partnerships and Expansion: Ripple is expanding its global partnerships and enhancing the utility of XRP in cross-border payments, which increases its adoption and long-term value.
✅Developer Activity on XRP Ledger: There is increasing developer activity on the XRP Ledger, along with interoperability upgrades such as Wormhole integration.
Technical Analysis and Predictions:
♦️Bullish Signs: Technical indicators show bullish signs, such as the formation of bullish reversal patterns like 'double bottom' and a bullish MACD crossover.
♦️Support and Resistance Levels: XRP shows strong support around $2.07 and faces resistance at $2.19 to $2.20. Breaking this resistance could open the door to higher targets.
♦️Analyst Predictions: Many analysts expect a significant rise in the price of XRP, with some indicating short-term targets ranging from $3.00 to $3.59, and the potential to reach $5.00 to $8.00 within 12 months with major catalysts, even forecasts reaching $10-15 in this cycle.
Overall, with the anticipated legal ambiguity lifted, increasing institutional support, and the potential launch of ETF funds, XRP is well-positioned for a bullish rally. However, markets remain volatile, and it is important to do your own research before any investment decisions 😇😇.
