Market Insights: Trader Forecasts Potential Double in XRP Price Amid New Developments
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Trader Who Predicted Massive XRP Rally Claims Price May Double Again
A trader who accurately predicted a massive XRP rally has claimed that the price of the cryptocurrency may double again. The prediction comes as XRP goes live on yet another exchange, fueling speculation about its potential for growth.
As reported by U.Today, XRP is currently rallying ahead of the launch of Ripple’s much-anticipated RLUSD stablecoin. Despite experiencing an immense rally in November, DonAlt believes that it has much more room to run if it manages to break above the $2.60 resistance level. Such a momentum-driven surge could potentially lead to a new all-time high for XRP.
The buzz surrounding XRP ETFs could emerge as a new powerful bullish catalyst for the controversial token. XRP is currently 27.3% away from reaching its long-standing all-time peak, recorded seven years ago.
It remains to be seen whether DonAlt’s prediction will come true, but it’s undeniable that XRP has been on an impressive run recently. As traders and investors continue to eye this token, it will be essential to keep a close eye on its progress in the coming days and weeks.
Source: u.today
