<ul>
 <li>XRP, the 5th-largest cryptocurrency, may be gearing up for a rally, as per some analysts.</li>
 <li>Glassnode co-founder Negentropic suggests that the current crypto environment’s volatility could lead to gains in large-cap coins, including XRP.</li>
 <li>XRP reached highs of around $0.55 in early October following a positive court decision for Ripple in the SEC case.</li>
</ul>
<p>Ripple, the 5th-largest cryptocurrency, could be gearing up for a rally, according to some analysts weighing market risk factors.</p>
<p>Glassnode co-founder Negentropic recently tweeted that the current volatile crypto environment may set up willing risk-takers for gains in large-cap coins, including Ripple.</p>
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   <p lang="en" dir="ltr">In the current volatile environment, where should our focus lie?<br><br>Bitcoin remains a key focus due to the high instability. For those willing to take on additional risk, large caps as we all altcoins like XRP and LINK are worth a closer look.<br><br>Dive deeper in today's uncharted:… <a href="https://t.co/lclEswS1xS" rel="noopener noreferrer nofollow">pic.twitter.com/lclEswS1xS</a></p>— 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_) <a href="https://twitter.com/Negentropic_/status/1710322253026435248?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 6, 2023</a>
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<p>He cited declining risk levels similar to those before previous major uptrends. This suggests the market could be on the cusp of another significant bullish move.</p>
<p><a href="https://thenewscrypto.com/?s=XRP" target="_blank" rel="noopener noreferrer nofollow">XRP</a> rallied to highs around $0.55 in early October after a favorable court decision for Ripple versus the SEC. However, some profit-taking has since pulled back prices.</p>
<p>At the time of writing, the coin is trading at $0.51. But the coin appears to be carving out a base after a recent death cross event.</p>
<h2 class="wp-block-heading" id="h-xrp-has-historically-crossed-major-price-bottoms">XRP has historically crossed major price bottoms</h2>
<p>Historically, XRP death crosses have marked major price bottoms. The current consolidation could lay the groundwork for fresh upside.</p>
<p>Meanwhile, Ripple is seen having the upper hand against the SEC in ongoing litigation. A potential settlement could remove regulatory overhangs on XRP.</p>
<p>While still a speculative bet, technical and fundamental factors indicate Ripple may have room to run. The volatile market could set the stage for opportunistic traders to capitalize on outsized gains.</p>
<p>But taking a position in XRP requires accepting substantial risk. However, analysts say current conditions reflect a favorable risk-reward scenario for a rebound.</p>

XRP Poised to Surprise Traders Amid Volatile Crypto Market: Analysts

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