Two main factors are showing that XRP coin is heading toward the last all-time high trade price.
XRP is a Proof-of-Stake (PoS) cryptocurrency that runs on the XRP Ledger (XRPL). San Francisco headquartered blockchain firm Ripple uses XRP coin at a very big scale for cross-border payment services. Over the past 3 years, the nature of the XRP coin was full of conflict because of the Ripple vs SEC legal fight but this year’s court ruling clearly said that the XRP coin was a non-security class asset.
XRP is not a security.
This victory for @Ripple is a win for the entire industry and a step toward regulatory clarity in the U.S.
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A huge thank you to @bgarlinghouse, @chrislarsensf, and @s_alderoty for their leadership and the #XRPCommunity for their continued support.
— Ripple (@Ripple) July 13, 2023
Amid the current bullish phase of the crypto market, the majority of people are considering XRP coin as the best investment asset because this coin failed to get investment support in the last bull cycle but this time XRP coin is available on all the crypto exchanges to trade with full legal clarity.
Recently a crypto analyst Tony The Bull shared his opinion on the XRP coin and said that metrices are showing a very high bullish pattern for this cryptocurrency on behalf of Bollinger Bands metric.
Furthermore, the analyst noted that the XRP coin’s candlestick information showed that XRP coin may hit $6, a new all-time high.
Another crypto analyst Egrag Crypto also shared his analysis on this cryptocurrency and said that XRP coin will not face any big downfall shortly and it is expected that it will hit a $1.5 trade price.
#XRP 4 Hours Analysis:
Should #XRP breach the 0.66c mark and sustain confirmatory candle closures,
it could indicate the conclusion of the downward trend for this phase.
However, if it faces rejection,
a more substantial retracement might follow. https://t.co/X6BgH90jYB pic.twitter.com/b8Dksbjfas
— EGRAG CRYPTO (@egragcrypto) November 16, 2023
Ripple IPO
As we know, reports of Ripple’s plans to go public came to light several times.
Linda P. Jones, a bestselling author and Wall Street investment expert, recently made an appearance at the leading international financial investment platform Linqto.
In that interview, Jones shared her financial opinion on the XRP coin and also claimed that Ripple may go public around May 15, 2024.
Read also: OpenAI kicked out the World Coin founder from the CEO role
New metrics are showing XRP following a bullish pattern, $6?
https://bitcoinik.com/new-metrics-are-showing-xrp-following-a-bullish-pattern-6/feed/
https://bitcoinik.com/new-metrics-are-showing-xrp-following-a-bullish-pattern-6/feed/
