XRP News: Ripple’s native crypto has gained notable traction lately, amid a broader rally in the financial markets, let alone the digital assets space. Further fueling speculations, a top analyst highlights the co-related between the crypto and Bitcoin, suggesting a potential breakout ahead for both assets. Besides, recent market trends also indicate that the asset is poised to record a strong run, especially with Donald Trump’s election win.
XRP News: Top Analyst Predicts Rally To $2.2
In XRP news, a series of positive developments has fueled market optimism, with many expecting a potential rally ahead. Amid this, a top crypto market analyst, EGRAG CRYPTO, forecasts an XRP rally to $2.2 if Bitcoin breaks the $100,000 barrier. This has sparked discussions, especially as optimism soars over BTC’s potential rally to $100K ahead. This also comes as speculations soar over the crypto’s potential rally to $1.
In a recent X update, the expert revealed that XRP’s 42% drop against BTC is setting the stage for a “massive rotation.” According to EGRAG CRYPTO, as BTC/USD approaches a new all-time high, its dominance will decline, triggering a liquidity rotation. This rotation will propel Ripple’s native crypto to 0.000022, translating to a price of $2.2 if BTC reaches $100,000.
Besides, the analyst also believes that the asset is poised to outperform its peers, becoming the top asset among the top 100 cryptocurrencies. With Bitcoin’s next major milestone in sight, investors are closely watching Ripple’s native crypto movement.
Additionally, he also predicts BTC surge to between $150K and $180K in the coming days, further echoing the positive sentiment hovering in the market. Notably, this also comes as Bitcoin hit a new ATH after Donald Trump defeated Kamala Harris in the US Presidential race this week.
Ripple SEC Lawsuit In Play?
The Ripple Vs. SEC lawsuit has been one of the hottest topics among other XRP news in recent months. Having said that, the market also seeks clarity on the impact of the lawsuit on the crypto’s value. While many deem the legal battle to have hindered a rally in the crypto, lawyer Bill Morgan said that it’s hard to explain what actually “moves XRP price.” However, he noted that the lawsuit may have an impact on it.
Despite that, crypto experts are optimistic about the crypto, given Donald Trump’s victory in the US Election in 2024. The market anticipations soar over the potential exit of the US SEC Chair Gary Gensler as soon as this year under Trump’s presidency, which they claim to be beneficial for the broader crypto market. Many also anticipate a conclusion or settlement in the Ripple lawsuit under the new regulatory leadership.
In addition, expectations also rise over a potential XRP ETF approval in the US ahead. Some also predict BlackRock to file for the investment instrument in the coming days. Besides, rumors have swirled that Ripple might consider a dirham-backed stablecoin launch in the UAE, given recent updates from the firm.
Altogether, these series of developments hint at a potential rally for the crypto in the coming days. Meanwhile, XRP price today was up 0.6% during writing and traded hands at $0.551.
However, despite soaring optimism over the rally to $2.2, a recent XRP price analysis hints that Fed Chair Jerome Powell’s speech might delay the crypto’s surge to $1.3. Besides, CoinGlass data showed that its Futures Open Interest was also muted, indicating that the investors are seeking more clarity before putting further bets in the crypto.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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