After a period of substantial price movements, XRP currently shows signs of consolidation. Despite a recent revival, the course has dropped slightly. Yet according to analysts there is no reason to worry. In fact, many think that Ripple’s digital currency is on the eve of an explosive increase.
In the coming months decisive for XRP
Steph is Crypto, a well -known analyst on X, is particularly optimistic about XRP. He predicts that the token will “absolutely explode in the next three to six months.”
He bases this expectation on the price chart, in which a series of lower tops and higher soils are visible. This pattern forms a symmetrical triangle, often seen as a consolidation phase that precedes an outbreak.
Regulation also plays a major role in the story of XRP. With the arrival of Paul Atkins as the new chairman of the American Securities and Exchange Commission (SEC), a pronounced crypto-advocate, the legal fog around XRP seems to be slowly clearing up.
Under his leadership, Ripple even submitted a settlement agreement to the SEC. This finally puts an end to the dragging lawsuit, which opens the door for large -scale institutional adoption and for Ripple to further innovate.
Large investors are committed to XRP
As if that is not enough, various analysts expect that this year a Spot Exchange-Traded Fund (ETF) for XRP will be approved in the United States. Such ETF would make it possible for both private and institutional investors to easily invest in XRP via regulated stock exchanges, without having to manage the underlying tokens.
This not only increases accessibility, but can also ensure a considerable capital influx – just as happened before Bitcoin after the approval of spot ETFs. If the XRP ETF actually gets the green light, this could be the spark that ignites a new rally.
Source: https://newsbit.nl/expert-xrp-gaat-exploderen-de-komende-3-tot-6-maanden-worden-krankzinnig/
