<ul>
 <li><strong>Despite a 10% correction in XRP’s price to $0.40, crypto analysts remain bullish, predicting a potential surge based on historical data and patterns from 2017.</strong></li>
 <li><strong>Pro-XRP lawyer Bill Morgan has seized the recent price dip as a buying opportunity, purchasing more XRP at just over $0.40 and planning to buy more if it drops to $0.375.</strong></li>
</ul>
<p>Amid the broader market correction, Ripple’s native cryptocurrency XRP has also corrected by <span style="color: #ff0000;">10</span>%, slipping to $0.40 as of press time. As reported by Crypto News Flash, XRP’s weekly losses have extended to nearly <span style="color: #ff0000;">15%</span>.</p>
<p><span data-sheets-root="1" data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;&quot;}" data-sheets-userformat="{&quot;2&quot;:513,&quot;3&quot;:{&quot;1&quot;:0},&quot;12&quot;:0}"></span></p>
<div class="cryptoboxes" id="mcw-345586" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="xrp" data-symbol="XRP" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
<p>However, the current correction hasn’t stopped investors from making bullish price predictions for the altcoin. Referencing historical data, several crypto analysts predict a price surge in the coming months. MikybullCrypto, a crypto analyst on X (formerly Twitter), notes that the upcoming reversal pattern mirrors a similar trend from 2017. The analyst <a href="https://x.com/MikybullCrypto/status/1808442292933468403" target="_blank" rel="noopener noreferrer nofollow">added</a>:</p>
<blockquote>
 <p>It might pull a huge 2017 rally given the current PA path is following. The sentiment surrounding it is bleak, which made me believe such a scenario can occur.</p>
</blockquote>
<p>Another analyst concurred, highlighting the cyclical pattern analysis from 2017 and its resemblance to the current trend. Tylie Eric expressed optimism about the impending price spike on his X page. Eric wrote:</p>
<blockquote>
 <p>BEAT BY BEAT. I think XRP has ticked all the boxes and held all requirements to continue with wave 3 of wave 5, the same way it did in 2017!</p>
</blockquote>
<p>In 2017, XRP surged an impressive 1400% within a year, outperforming Bitcoin during the same period. The double bottom pattern that year pushed XRP prices to $0.30. If this trend continues, prices could potentially rise as high as $35.</p>
<p><iframe title="XRP's Journey to $35: Key Insights for Investors" width="788" height="443" src="https://www.youtube.com/embed/qrhIoI1isTM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<p>However, the coin’s price must first sustain above $0.50 to trigger the next bull run. Per the <a href="https://www.crypto-news-flash.com/ripples-xrp-eyes-0-9594-target-amidst-bullish-momentum/" target="_blank" rel="noopener noreferrer nofollow">CNF update</a>, the immediate target for XRP is $0.95.</p>
<h3 id="pro-xrp-lawyers-buys-the-dip">Pro-XRP Lawyers Buys the Dip</h3>
<p>Pro-XRP lawyer Bill Morgan remains optimistic, viewing the recent downturn as a buying opportunity. His actions and commentary are fueling discussions about XRP’s potential future movements and strategies to capitalize on its current volatility.</p>
<p>Morgan, known for his pro-XRP stance, recently revealed on the X platform that he purchased more XRP at just over $0.40 amid the current price drop. This move comes as the altcoin struggles below the $0.40 threshold, significantly declining during a broader market sell-off.</p>
<p>Undeterred by the dip, Morgan sees it as an opportunity rather than a setback. He also hinted at a further buying strategy, planning to acquire more XRP if the price reaches $0.375.</p>
<p>In a recent X post, Morgan emphasized his readiness for a lower entry point, highlighting his strategic approach to accumulating XRP at favorable prices. This sentiment has resonated with some of his followers, with one user commenting, “That’s a good move. Only to gain from here. It has not much room to go down more”.</p>
<p>On the other hand, the Ripple vs SEC battle has taken new turns with the recent decision over Binance’s BNB sales. This has led to a fresh wave of arguments between the SEC and Ripple, <a href="https://www.crypto-news-flash.com/sec-vs-ripple-2-billion-penalty-looms-as-sec-counters-ripples-binance-argument/" target="_blank" rel="noopener noreferrer nofollow">reported</a> CNF.</p>

Analyzing XRP’s Path to $35: What Investors Should Know

Съдържание

Crypto News Flash

Други статии, публикувани на 5.07.2024 г.

ChatGPT macOS Users Surprised by Unencrypted Chat Storage

True Bitcoin HODLers Unfazed: Over 30% Of Supply Dormant Since 5 Years+

GOMINING Token to be Listed on HTX Crypto Exchange (5 Jul)

German MP urges government to stop ‘hasty’ Bitcoin sell-off

GCB ( GLOBAL COMMERCIAL BUSINESS)

Highly Anticipated Crypto Projects for July 2024

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!