XRP has been at the center of attention recently due to significant market movements and optimistic projections from analysts. The asset recently achieved a notable milestone by surpassing its 2021 peak of $1.96, a development that has sparked excitement among investors.
XRP’s current price of $2.71 represents a 37.01% surge in the past 24 hours, with its peak reaching $2.8487. This surge has also pushed it above Solana, BNB, and USDT, making it the third-largest cryptocurrency.
JackTheRippler, a prominent crypto analyst, has shared a detailed chart showcasing XRP’s potential for a parabolic surge. He predicts that the asset could achieve triple-digit values, signaling unprecedented growth for XRP.
According to the chart, XRP has historically experienced significant upward trends following prolonged consolidation periods, and the current setup appears to mirror past patterns.
#XRP prepares for a parabolic surge. We could see 3 digits next year! 🚀📈 pic.twitter.com/7DCM7MtPxq
— JackTheRippler ©️ (@RippleXrpie) December 1, 2024
The Impending XRP Bull Run
Renowned trader Peter Brandt recently noted the importance of XRP breaking through the $1.96 level, suggesting it was a key resistance point.
Now that this milestone has been surpassed, the possibility of a major rally becomes increasingly likely. This sentiment aligns with JackTheRippler’s analysis, which suggests that XRP is on the verge of a significant upward trajectory.
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Speculation about the broader regulatory and political environment in 2025 is also boosting optimism. Over the years, XRP’s legal challenges with the U.S. Securities and Exchange Commission (SEC) have shaped its trajectory.
However, this could soon change as SEC Chair Gary Gensler leaves office on January 20. Experts believe the coming crypto-friendly SEC Chair will end Gensler’s long-running war against crypto.
Gensler’s departure would create a more favorable regulatory environment for cryptocurrencies. Additionally, speculation about policy changes under Donald Trump’s administration in 2025 fuels positive sentiment among investors.
How High Can XRP Climb
JackTheRippler is confident that XRP will triple digits in 2025. According to his chart, he expects the digital asset to reach $271.16, an astonishing 9,906% increase from its current price.
JackTheRippler has previously shared extremely bullish expectations for XRP. In October, the analyst predicted that the digital asset would climb to $40 by the end of 2024, and at its current pace, it might achieve this on its way to $271.16.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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