Order

Anonymous

Rally

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-xrps-significant-rally/" data-wpel-link="internal">Analyst Predicts XRP’s Significant Rally</a> 
One of the closely followed analysts in the cryptocurrency world, Credible Crypto, made positive comments about XRP, a high-volume altcoin. The analyst also commented on the current outlook for Bitcoin (BTC) and Ethereum (ETH). 
<h2 style="text-align: justify" id="strong-very-positive-for-xrp-strong">Very Positive for XRP</h2> 
Anonymous cryptocurrency analyst Credible Crypto told his followers on X that XRP, used on Ripple Labs’ payment platform, is ready for an inevitable “mega rally” as its legal issues come to an end. 
According to Credible Crypto, after its legal battle with the U.S. Securities and Exchange Commission (SEC) ended with a $125 million fine, XRP is now poised for a significant surge. The analyst emphasized that reaching new all-time highs for XRP is only a matter of “when,” not “if.” 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-378382" src="https://coin-turk.com/wp-content/uploads/2024/08/Ripple-XRP-Altcoin-scaled.jpeg" alt="" width="2560" height="1526"> 
XRP is currently trading at $0.614 and needs to rise approximately 454% to surpass its all-time high of $3.40. Altcoin has risen by 19% in the last 24 hours. The analyst noted that XRP is among the top 10 cryptocurrencies by <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> cap, suggesting that the market values this altcoin more than 99% of other cryptocurrencies, and predicts that XRP will be back in the spotlight. 
The SEC first sued Ripple in December 2020, alleging that the company conducted unregistered securities sales. Although the lawsuit caused a significant stir in the <a href="https://en.coin-turk.com/democratic-party-hosts-tense-meeting-with-crypto-sector/" data-wpel-link="internal">cryptocurrency market</a> and put pressure on the market, it ultimately concluded in Ripple’s favor. 
<h2 style="text-align: justify" id="strong-analyst-s-comments-on-bitcoin-and-ethereum-strong">Analyst’s Comments on Bitcoin and Ethereum</h2> 
Turning to Bitcoin after XRP, Credible Crypto said the largest cryptocurrency is ready for an “upward move” with the change in market sentiment. The analyst stated, “New demands have piled up below the price, and the sell orders above it have been removed. Order books now lean more heavily on the demand side.” 
Finally, looking at the altcoin king Ethereum, the analyst predicts that ETH will behave differently from Bitcoin in the short term and will likely form another lower low. Ethereum is currently trading above the $2,600 threshold and has fallen by 16% in the last seven days. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-xrps-significant-rally/" data-wpel-link="internal">Analyst Predicts XRP’s Significant Rally</a></h5>
The post <a href="https://en.coin-turk.com/analyst-predicts-xrps-significant-rally/" data-wpel-link="internal">Analyst Predicts XRP’s Significant Rally</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Analyst Predicts XRP’s Significant Rally

Table of Contents

COINTURK NEWS

Other articles published on Aug 9, 2024

Binance Akhirnya Listing Toncoin, Harga TON Terbang Melesat

Analyst Predicts Significant Price Rises for High-Quality Altcoin Projects

Vitalik Buterin Backs ERC-7683 Proposal for Cross-Chain Trade Execution

NFTScan Insights: The Role of RWA in Shaping NFTs

US Policy Group Proposes Bitcoin Tax-Free Zone to Boost Digital Economy

Rubik’s Cube celebrates 50 years with new superhero-themed puzzles

Join our free newsletter for daily crypto updates!