Top Analyst Says You Are Not Bullish Enough On XRP. Here’s Why

Key Points

1. Egrag Crypto warns investors that they are underestimating the potential for XRP's upcoming rally, predicting double-digit price surges based on technical models.

2. Ripple's expansion of On-Demand Liquidity (ODL) corridors and the launch of RLUSD, a USD-backed stablecoin, strengthen XRP's utility in cross-border finance.

3. The legal dispute between Ripple and the SEC concluded with both parties dismissing their appeals, removing regulatory uncertainty for XRP.

4. XRP's classification as a commodity by the CFTC and Judge Analisa Torres' 2023 ruling that XRP is not a security further bolster its market position.

5. Egrag highlights signs of accumulation and institutional interest, suggesting a major market shift is imminent.