Pundit: You Will Not See XRP at a Very Low Price Anymore
Main Idea
Crypto analyst JackTheRippler asserts that XRP will no longer trade at very low prices, citing strong price support, institutional interest, and regulatory clarity as key factors.
Key Points
1. XRP is trading around $3.18–$3.19, with strong support at $3.00, indicating a new baseline price level.
2. Analysts note healthy consolidation and growing accumulation by long-term holders, reinforcing confidence in XRP's stability.
3. Regulatory clarity, including the 2023 U.S. court ruling that XRP is not a security, has boosted investor sentiment.
4. Speculation about an XRP ETF and potential inclusion in retirement accounts like 401(k)s could attract institutional capital.
5. XRP holders are showing resilience to market volatility, with sub-dollar prices now considered unlikely to return.
Description
In a bold statement shared on X, prominent crypto analyst JackTheRippler declared, “You will not see XRP at a very low price anymore.” Reiterating a prediction he made weeks earlier, the pundit emphasized that the days of deep pullbacks for XRP are over . His view reflects the growing belief among market watchers that XRP has entered a new phase of stability and strength, underpinned by fundamental and technical resilience. XRP’s Strong Price Basis Signals Maturity XRP is currently trading aroun...
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