XRP XRP/USD has outperformed Bitcoin and Ethereum over the past month, following Ripple's favourable legal developments.
The cryptocurrency peaked at $2.82—its highest level in nearly seven years—triggering speculation of even larger gains.
Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
XRP XRP/USD | $2.38 | $136 billion | -7.15% | +1.5% |
Bitcoin BTC/USD | $98,442.51 | $1.94 trillion | -1.6% | +3.7% |
Ethereum ETH/USD | $3,859.76 | $465 billion | -3.2% | +7.4% |
Trader Notes: Prominent crypto trader Ali Martinez sees XRP as both “overbought and undervalued.”
He highlights its breakout from a multi-year symmetrical triangle, setting conservative and optimistic price targets of $8.40 and $48.12, respectively.
In the short term, Martinez predicts a potential dip to $2.25, presenting a buy opportunity with a target of $4.40.
Trader CrediBULL Crypto analyzes XRP's structure using the Elliott Wave theory, suggesting that XRP has completed its first wave from $1.27 and is now in a corrective phase.
Depending on market conditions, this phase could resolve as an expanded flat or a more bullish running flat, which wouldn't dip below $2.17.
Community News: Ripple CEO Brad Garlinghouse voiced strong criticism of former SEC Chair Gary Gensler during an interview on 60 Minutes on Sunday.
Garlinghouse attributed much of the crypto industry's regulatory struggles to Gensler's leadership, which he says led to Ripple and others forming the FairShake super PAC.
“FairShake wouldn't exist if the SEC had a different chairman,” Garlinghouse said, framing the PAC as a response to what he calls a “war on crypto.”
FairShake, funded by Ripple and two other companies, aims to promote fair policies for the crypto industry and push back against what it sees as overreach by regulators.
What's Next: XRP's rally comes amid broader altcoin strength and signals growing market optimism following Ripple's legal victories.
The coin's ability to sustain gains and break higher will depend on whether it can hold key support levels during any dip.
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