Expert Predictions: Ripple’s Potential in Long-Term Growth
Cryptocurrency market is currently experiencing a clear bullish trend, yet Ripple has not been able to fully realize its potential. However, an analyst under the nickname Egrag Crypto believes that over time, this coin will provide investors with a wide range of technological opportunities, contributing to its long-term growth. The expert also highlighted the technical aspect, noting the formation of an “ascending triangle” on higher intervals.
Egrag Crypto believes that if prices manage to stay above the upper boundary of the formation, a bullish impulse could start up to $17. This could potentially happen between April and July of this year. With sustained positivity in the market, Ripple could reach $27 by 2025, emphasized Egrag Crypto.
However, there are certain doubts. The total XRP capitalization would reach $1.4 trillion if this scenario unfolds, surpassing even Bitcoin. The expert clearly believes that the upcoming year will be very successful for Ripple. It is important to consider the ongoing conflict between the startup and SEC in this context, as it is far from being resolved.
On a final note, the current trading value is near $0.6147, with a slight decrease of over 1.32% in the last 24 hours. Trading volumes have decreased by 10% to $1.45 billion. The total market capitalization is currently estimated to be $33.65 billion. XRP reached a peak near $0.67 last week, followed by a deep correction. However, XRP has managed to recover most of the losses since then.
