Ethereum
Expert Says XRP Will Completely Change The Scenario If It Hits This Price
Prominent figures in the XRP community agree that XRP will completely change the narrative when it regains its long-standing ATH.
XRP has maintained its defense of the $0.60 price level, briefly breaking below that level yesterday but now trading at $0.6062 at press time. At this price, XRP boasts a monthly gain of over 27%, one of the largest for any traditional crypto asset.
The XRP community has been eagerly awaiting a decisive bullish move, with XRP hovering around $0.60 for over a week. Amid this anticipation, commentators have continued to share their projections on how XRP will perform in the coming days, especially with the potential for a bullish resurgence.
Some have identified that XRP is the only one following the bullish pattern from early 2017 that culminated in an ATH. As a result, they predict a repeat of history, with XRP is about to see a significant surge.
How XRP Will “Change the Story”
In a recent post on X, notable community member “Freki OG” shared his thoughts on how XRP could defy expectations and rewrite the script for this bull run, similar to what happened in 2017.
He pointed out that during the last bull cycle, XRP faced significant headwinds due to the largest US SEC battle in crypto history. Freki noted that the SEC lawsuit removed its price action for the last bullfight.
However, the market commentator pointed out that most people are overlooking one crucial point. According to him, if XRP breaks its all-time high of $3.84, it would completely flip the script and change the narrative. He pointed out that this would open the door for more explosive price action.
What’s interesting about #XRP
Since it was hit during the last bull cycle by the biggest SEC battle in history, #crypto/networks remove their PA
The thing most people don’t understand is…
If this goes beyond the January 2018 ATH of $3.85
This will completely reverse the scenario.
— 🐺 FREKI OG 🐺 (@Freki_OG) July 26, 2024
Furthermore, the commentator note that XRP is currently the subject of increased hatred and disbelief among critics, highlighting that this is exactly when XRP often surprises skeptics.
Other analysts agree.
Notably, Freki OG’s belief that breaking the 6.5-year all-time high would trigger an increase in XRP’s value is a sentiment widely shared within the community and among market observers. Moon Lambo, a prominent figure in the XRP community, has Express 100% agree with this point of view.
Similarly, analyst Egrag had previously highlighted the significance of XRP breaking above $3.84, saying it could “open the gates to Valhalla.” underlines that breaking this threshold is one of the crucial factors that could propel XRP to a new ATH of $17, which represents a staggering 30x increase.
With XRP trading at around $0.6, reclaiming $3.84 would require the asset to skyrocket by around 540%.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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