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Why XRP Price Is Poised for a Massive Rally Amid Market Uncertainty?
Amidst the ongoing uncertainty in the cryptocurrency market, renowned analyst Armando Pantoja has made a bold prediction regarding the future of Ripple (XRP) – he believes that investors should stop doubting this altcoin and instead prepare for an explosive run.
In his latest analysis, Pantoja pointed to XRP’s remarkable performance during the 2017/2018 cycle as evidence for his optimism. The analyst recalled how XRP initially plummeted to a low of $0.003 in January 2017 before skyrocketing to an all-time high of $3.31 in January 2018, representing an astonishing 110,233% increase within a single year.
This remarkable rally saw XRP transform $1,000 into a staggering $1.1 million, further highlighting the altcoin’s immense potential. Pantoja believes that this historic run serves as a key catalyst for his optimism, fueling confidence among analysts.
Several other factors are expected to contribute to XRP’s explosive growth in the future. The analyst highlighted the potential conclusion of the SEC vs Ripple lawsuit and the advent of a pro-crypto leadership under President-elect Donald Trump in January 2025. The former will likely provide much-needed clarity for the altcoin, while the latter may trigger another market rally.
As a result, XRP has been steadily rising this month, currently trading at $2.16 – an increase of 10.71% in December despite ongoing volatility.
Source: coinpedia.org
