Clark says the XRP Ledger native currency is bound to rally in the most spectacular way in the coming days or weeks.
According to the widely followed crypto pundit, the uptrend in the price of the top-ranked digital asset bitcoin (BTC) which began in early January is likely to continue.
It’s been an exciting period for XRP investors as the sixth-largest asset by market capitalization has been pumping hard alongside several cryptocurrencies including BTC.
Notably, XRP which is changing hands at $0.4087 at press time has increased by almost 11% in the last 30 days and over 4% in the last 7 days.
This striking momentum in the price of XRP could also be attributed to the available indications that the Ripple-SEC lawsuit could end in favor of the San Francisco-headquartered cross-border payment firm. As stated by Ripple CEO Brad Garlinghouse, the longstanding XRP lawsuit would be brought to a conclusion around mid-2023.
But to Clark, this recent surge in XRP price is the tip of the iceberg. He noted that the Ripple-linked crypto asset is set to break out and head toward $0.55 according to his chart.
“Almost time; XRP looks really good,” he told his Twitter followers on Monday. Little wonder, numerous whales have been accumulating and moving huge volumes of XRP lately.
This XRP predicted price action goes further to explain why Santiment, a popular market intelligence, and blockchain analytics platform selected XRP as the crypto pick for January 2023.
On Bitcoin, Clark stressed that the asset’s price rally is bound to persist contrary to a bull trap warning from Benjamin Cuben, a prominent crypto Youtuber.
“BTC is not done. I would be genuinely surprised if this kind of action did not end with a fomo driven blowoff,” Clark added.
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