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Big XRP Price Predictions Emerge After Ripple Hits New ATH
The cryptocurrency market has been abuzz with the recent surge in Ripple (XRP) price, which has reached a new all-time high of $3.66. As a result, several analysts have emerged to provide their predictions on the future direction of the asset.
One such prediction comes from crypto analyst Javon Marks, who is citing fractals and the Fibonacci sequence to suggest that XRP could potentially reach $10 in the long-term. While some traders may view this as overly optimistic, others are eager to see if this new high will be a springboard for further gains.
The surge in price has not gone unnoticed by market participants. The asset’s market capitalization has crossed $215 billion, solidifying its spot as the third largest cryptocurrency by market cap. This impressive growth is also reflected in trading volume, with over $23 billion in activity recorded in the last 24 hours alone.
This sudden influx of buying pressure has pushed XRP into focus across major trading platforms, including Coinbase and Kraken. Some analysts have noted a strong retail interest in the asset, citing “unit bias” as a primary driver behind this phenomenon. This sentiment suggests that investors are drawn to cheaper assets with higher perceived value.
While some traders may be cautious due to RSI stretching at 89, indicating potential overbought territory, others remain optimistic about XRP’s continued growth. The MACD indicator continues to show upward momentum, suggesting that the buying pressure could continue if sustained.
As Ripple CEO Brad Garlinghouse announced the dropping of the company’s cross-appeal in its legal dispute with the SEC, some have speculated that this news may also fuel further growth for XRP.
Source: cryptopotato.com
