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- The XRP bullish trend sparks interest as analysts predict strong future growth and potential new all-time highs.
- Ripple’s CEO critiques SEC, fueling debate on fair treatment and regulatory clarity for digital assets in the U.S.
The XRP price’s recent bullish momentum has piqued the interest of investors and analysts alike, with some claiming that the current price movement is only the beginning of a potentially enormous rise.
Analyst Predicts Major XRP Price Rally, Sparking Community Optimism
Early XRP indicators, according to a well-known crypto analyst, Javon Marks, indicate a significant rally, maybe reaching new all-time highs (ATHs).
Marks tweeted, catching the increasing hope within the XRP community, “XRP’s recent bull signals look to be showing early stage results, but this may only be the beginning of a massive rally to new ATHs and beyond.”
Meanwhile, XRP is swapped hands at about $0.6934 as of writing; it shows a noteworthy 6.41% spike over the last 24 hours and a 25.03% increase over the 7 days.
XRP’s market cap passed the $40 billion level because of its recent upward movement, momentarily touching $41 billion before somewhat declining. Such fast development emphasizes the robustness of the asset and the growing investor interest in XRP.
Ripple Milestones and CEO’s SEC Critique Draw Growing Attention
Development inside Ripple Labs is attracting more interest as well. According to CNF, Brad Garlinghouse, CEO of Ripple, gently expressed interest in a post implying he might have visited U.S. President-elect Donald Trump to go over regulatory issues and the future of the crypto sector.
Garlinghouse has recently expressed criticism of the U.S. Securities and Exchange Commission (SEC), charging it of unjustly deciding “winners” and “losers” in the sector by selective enforcement activities.
Beside that, as we previously noted, XRP Ledger just closed 92 million ledgers and burned 13 million XRP tokens, therefore marking a historic milestone.
This burn event helps to create market scarcity, so maybe increasing demand for XRP and hence pressure on its price as supply lowers. Apart from highlighting XRP’s special mechanisms, the burn also shows the effectiveness of the XRP Ledger, which keeps supporting fast and low-cost massive transaction volumes.
Under a more optimistic estimate, experts believe XRP may show a firm support level at $1 in this market cycle. Should the surge continue, XRP may potentially target $6.4, therefore underscoring the idea that this might be a turning point for the crypto.
