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Why XRP Price Is Poised for a Massive Rally Amid Market Uncertainty?
Market uncertainty and the recent consolidation of XRP’s price have led to pessimism among investors. However, renowned analyst Armando Pantoja, an IBM blockchain award recipient and member of the Benzinga crypto advisory board, firmly believes that XRP is poised for a massive rally.
Pantoja’s optimism stems from the altcoin’s explosive run in 2017-2018, which saw it surge from as low as $0.003 to its all-time high of $3.31, marking a staggering 110,233% increase within a year. During this period, XRP transformed $1,000 into $1.1 million.
This remarkable performance is often overlooked by market participants, and Pantoja believes that history could repeat itself in the current market environment. The analyst notes that if these factors align – including the possible conclusion of the SEC vs. Ripple lawsuit and a new pro-crypto leadership incoming in January 2025 – it’s likely that XRP will outperform the broader cryptocurrency market.
Furthermore, Pantoja emphasizes the significance of the 2017-2018 rally, highlighting its ability to generate immense wealth creation opportunities for investors. Although some may view these predictions as unrealistic, Pantoja remains steadfast in his opinion that XRP is capable of producing a similar outcome once again.
As of press time, XRP’s current price stands at $2.16, representing an impressive 10.71% increase throughout the month of December despite ongoing market volatility.
Source: coinpedia.org
