Analyst Predicts Bullish Christmas Forecast For Ripple’s Native Crypto
The recent rally of XRP price beyond the $0.66 mark has sparked optimism in the market, with many anticipating the rally to continue ahead. However, the rally appeared to have been short-lived, as evidenced by the recent price changes in crypto. Despite the recent slump, one prominent crypto market expert predicts a bullish outlook for Ripple’s native crypto by the upcoming Christmas.
What’s Next For XRP Price?
XRP price noted a sharp decline today, falling nearly 5% to the $0.62 level, after touching the brief $0.6622 in the last 24 hours. Its trading volume was also muted during writing, indicating that the investors are staying on the sideline.
Meanwhile, many in the crypto community have cited the recent muted trading due to the anticipation of a potential US SEC appeal in the Ripple SEC case. Recently, an ex-SEC lawyer highlighted a key advantage for the agency, if it plans to move ahead with a potential appeal plan.
Why This Analyst’s Prediction is Important
In a recent post, prominent crypto market expert and influencer, Myles G Investments, predicted the XRP price to hit $3 by Christmas. This forecast has sparked optimism among investors, especially after XRP broke through major price levels recently.
The expert’s prediction is important because it highlights the potential for a significant rally in the XRP price in the coming weeks. As the crypto market continues to navigate the current trends, investors are eagerly waiting for any signs of a major shift in the market.
What are the Factors Driving this Prediction?
Several factors are driving this prediction, including the recent rally in the XRP price, the anticipation of a potential US SEC appeal in the Ripple SEC case, and the overall bullish sentiment in the crypto market.
Moreover, the expert’s prediction is also driven by the historical trends in the crypto market. As Bitcoin and top altcoins tend to showcase an upward momentum in the final quarter of the year, XRP price is expected to follow a similar trend.
Conclusion
In conclusion, the analyst’s prediction of a bullish Christmas forecast for Ripple’s native crypto is an important development in the crypto market. The recent rally in the XRP price, the anticipation of a potential US SEC appeal, and the overall bullish sentiment in the market are all driving factors behind this prediction.
FAQs
Q: What is the current price of XRP?
A: The current price of XRP is $0.62.
Q: What is the prediction for XRP price by Christmas?
A: Myles G Investments has predicted that XRP price will hit $3 by Christmas.
Q: What are the factors driving this prediction?
A: The factors driving this prediction include the recent rally in the XRP price, the anticipation of a potential US SEC appeal in the Ripple SEC case, and the overall bullish sentiment in the crypto market.
Q: What are the implications of this prediction?
A: The implications of this prediction are significant, as it could indicate a major shift in the XRP price and a potential rally in the crypto market.
