Is a $6.5 XRP Possible? Analysts Say This Bullish Structure Could Make It Happen
The native asset of the Ripple network, XRP, has climbed 3.8% over the past week, demonstrating resilience amid broader market weakness.
Notably, XRP leads the top five cryptocurrencies with nearly 24% year-to-date gains, outperforming major altcoins like Ethereum (ETH) and Solana (SOL), which are down 19.3% and 11%, respectively, over the same period.
Fibonacci Extension Indicates that $6.5 XRP is Attainable
Analysts reviewing XRP’s monthly chart suggest that the cryptocurrency could see further upside, as a long-term bullish structure continues to take shape.
Historically, XRP found strong support between $0.11 and $0.13 in its early years.
However, since June 2022, that support level has risen significantly, signaling that buyers are stepping in at higher prices during market dips.
With $0.40 now emerging as a firm base, analysts project that XRP could climb as high as $6.50 once this bullish cycle fully plays out—assuming the market remains on its current trajectory.
Currently, XRP is trading about 33% below its all-time high of $3.84—a level that was recently retested for the second time in six years.
However, the landscape for Ripple has shifted significantly. The company has secured key legal victories against the U.S. Securities and Exchange Commission (SEC), clearing major regulatory hurdles.
Additionally, with President Donald Trump’s administration expected to introduce more crypto-friendly policies, U.S.-based blockchain firms like Ripple could benefit from a more supportive regulatory environment.
Ripple USD (RLUSD) is now live on global exchanges.
— Ripple (@Ripple) December 17, 2024
An enterprise-grade stablecoin built for everyone, $RLUSD combines fiat stability with blockchain efficiency:Instant global payments, 24/7
These developments create powerful tailwinds for XRP and Ripple, especially with the recent launch of Ripple USD (RLUSD), a stablecoin designed to enhance the network’s ecosystem.
Regulatory clarity and growing institutional adoption in the U.S. could further accelerate XRP’s price appreciation as Ripple cements its position as the go-to network for cross-border payments.
While Ripple’s long-term potential remains strong, investors looking for faster gains may find significant opportunities in high-potential crypto presales like MIND of Pepe ($MIND).
MIND of Pepe Surges Past $6.5M to Launch a Game-Changing AI Agent
MIND of Pepe ($MIND) is an AI agent token that merges the cultural power of Pepe the Frog with advanced artificial intelligence to build a highly influential social media presence on platforms like X (formerly Twitter).
MIND of Pepe is engineered to amass a large following by engaging in strategic discussions about meme coins with influential figures across social media, rapidly building its online presence.
By identifying trending topics, the AI agent can create and promote tokens, giving $MIND holders exclusive early access to these assets at discounted prices.
At its current presale price of $0.0033454, $MIND presents a compelling upside opportunity for early investors.
To buy this presale token, head to the MIND of Pepe website and connect your wallet (e.g. Best Wallet).
You can either convert USDT, ETH, or BNB or use a bank card to make your investment.
The post Is a $6.5 XRP Possible? Analysts Say This Bullish Structure Could Make It Happen appeared first on Cryptonews.
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Is a $6.5 XRP Possible? Analysts Say This Bullish Structure Could Make It Happen
The native asset of the Ripple network, XRP, has climbed 3.8% over the past week, demonstrating resilience amid broader market weakness.
Notably, XRP leads the top five cryptocurrencies with nearly 24% year-to-date gains, outperforming major altcoins like Ethereum (ETH) and Solana (SOL), which are down 19.3% and 11%, respectively, over the same period.
Fibonacci Extension Indicates that $6.5 XRP is Attainable
Analysts reviewing XRP’s monthly chart suggest that the cryptocurrency could see further upside, as a long-term bullish structure continues to take shape.
Historically, XRP found strong support between $0.11 and $0.13 in its early years.
However, since June 2022, that support level has risen significantly, signaling that buyers are stepping in at higher prices during market dips.
With $0.40 now emerging as a firm base, analysts project that XRP could climb as high as $6.50 once this bullish cycle fully plays out—assuming the market remains on its current trajectory.
Currently, XRP is trading about 33% below its all-time high of $3.84—a level that was recently retested for the second time in six years.
However, the landscape for Ripple has shifted significantly. The company has secured key legal victories against the U.S. Securities and Exchange Commission (SEC), clearing major regulatory hurdles.
Additionally, with President Donald Trump’s administration expected to introduce more crypto-friendly policies, U.S.-based blockchain firms like Ripple could benefit from a more supportive regulatory environment.
Ripple USD (RLUSD) is now live on global exchanges.
— Ripple (@Ripple) December 17, 2024
An enterprise-grade stablecoin built for everyone, $RLUSD combines fiat stability with blockchain efficiency:
These developments create powerful tailwinds for XRP and Ripple, especially with the recent launch of Ripple USD (RLUSD), a stablecoin designed to enhance the network’s ecosystem.
Regulatory clarity and growing institutional adoption in the U.S. could further accelerate XRP’s price appreciation as Ripple cements its position as the go-to network for cross-border payments.
While Ripple’s long-term potential remains strong, investors looking for faster gains may find significant opportunities in high-potential crypto presales like MIND of Pepe ($MIND).
MIND of Pepe Surges Past $6.5M to Launch a Game-Changing AI Agent
MIND of Pepe ($MIND) is an AI agent token that merges the cultural power of Pepe the Frog with advanced artificial intelligence to build a highly influential social media presence on platforms like X (formerly Twitter).
MIND of Pepe is engineered to amass a large following by engaging in strategic discussions about meme coins with influential figures across social media, rapidly building its online presence.
By identifying trending topics, the AI agent can create and promote tokens, giving $MIND holders exclusive early access to these assets at discounted prices.
At its current presale price of $0.0033454, $MIND presents a compelling upside opportunity for early investors.
To buy this presale token, head to the MIND of Pepe website and connect your wallet (e.g. Best Wallet).
You can either convert USDT, ETH, or BNB or use a bank card to make your investment.
The post Is a $6.5 XRP Possible? Analysts Say This Bullish Structure Could Make It Happen appeared first on Cryptonews.
Read More