Bitrue, an XRP-focused crypto Exchange, posted a question to the crypto community on X about the XRP future, hinting that the popular cryptocurrency might be heading toward significant growth. Bitrue asked, “What’s next for XRP?”
What's next for #XRP? 🚀
— Bitrue (@BitrueOfficial) November 27, 2023
XRP Community Reacts
Several users in the crypto community reacted favorably to Bitrue’s question. an X user, itsAndyW (@AndyWFive), noted that there is a possibility of a favorable price change for XRP, writing, “Will we see some positive price movement this week on XRP”
Although XRP has remained around $0.6 for a while without a notable upward movement, the user maintains his positive stance.
Read Also: Bitrue Unveils Exciting News for XRP Community
Another X user commented on the expectations of those analyzing the market, stating, “It’s incredible that the masses that study this and know it will be overnight, keep hoping and believing on the other side of cognitive dissonance that it will moon with TA. No. It won’t.”
She criticized those in the XRP community who look up to technical analysis of cryptocurrencies for success, while crypto upsurge mostly comes from significant developments.
WhoDat_H (@H_XRP_) added, “Hopefully not a lower price…”
After an initial surge in early November, XRP has been on a decline. The token reached $0.72, which fueled optimism and predictions of higher surges. However, XRP has since dropped from those levels, trading at $0.6109, showing about a 2% increase in the last 24 hours.
This decline has left many in the community doubting a future surge for XRP, which explains the comment by this user and others who predicted lower prices, with one user expecting $0.3 and $0.1.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Bitrue Users Drive XRP Demand with $800 Million Worth of Holdings; 88% Remain Bullish
Optimism from the Community
Despite these bearish predictions, many in the community remain optimistic, with one user predicting $1. Another took it significantly farther, predicting $100 for XRP.
Another user took things in another direction, suggesting a settlement between Ripple and the SEC. Both parties are currently in the penalties phase of the lawsuit.
However, an amicable settlement may not come on the table, as a prominent journalist believes the SEC will try to get as much money from Ripple as possible in the settlement for bragging rights.
Another user wrote, “We’ll see a gradual price increase while BTC moves up in price 2024 -2025.”
With the Bitcoin halving event estimated to happen in April 2024, many expect a massive resurgence for the crypto market. Although XRP’s correlation with Bitcoin has dropped significantly over the past few weeks, Bitcoin’s positive influence on the market in 2024 may leave no crypto asset out, including XRP.
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