Analyst Says XRP Holders “Definitely Deserve to Make Money”. Here’s Why
Main Idea
Analyst XRPunkie believes long-term XRP holders deserve profits due to potential future rallies, supported by Ripple's legal resolution and new stablecoin launch.
Key Points
1. XRPunkie argues that long-term XRP holders who avoided panic selling deserve profits as a major rally could significantly increase XRP's value.
2. XRP has been in a 256-day sideways range since December 2024, trading between $3.15 and $3.40, with $3.00 as immediate support and $2.80–$2.60 as secondary support.
3. Ripple's legal battle with the SEC concluded with a $125 million penalty and no appeals, removing a long-standing uncertainty.
4. Ripple launched RLUSD, a dollar-backed stablecoin, in December 2024, enhancing the XRP Ledger's utility and attracting institutional interest.
5. Technical analysis suggests a breakout zone at $3.30–$3.40, with XRPunkie projecting a potential price target of $10–$15 based on growing utility and market conditions.
Description
Popular market analyst XRPunkie believes the patience of long-term XRP holders is about to be rewarded. In a recent post on X, he noted that XRP has been trapped in a sideways trading range for the past 256 days—roughly eight and a half months—but insists that this prolonged consolidation is simply the calm before the storm. According to him, those who held firm without panic selling “definitely deserve to make money,” as the next major rally could drive XRP into the $10–$15 range. This isn’t th...
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