Top Ripple (XRP) Price Predictions | BinanX News

TL;DR

• Despite falling in the last 24 hours, XRP has risen significantly in the last 30 days, with analysts predicting further gains.
• Leadership changes at the SEC could influence the outcome of Ripple’s legal battle and the trajectory of XRP’s price.

The calm before the storm?

Ripple’s XRP has experienced an impressive bull run over the past month, with its price skyrocketing 330%. On December 3, it hit a nearly six-year high of $2.82. It is currently trading at approximately $2.38, which represents 6% decrease on a daily scale.

According to some popular analysts, XRP could be ready to make much more substantial profits in the near future. User X Ali Martinez suggested that the asset “seems undervalued after breaking out of this huge multi-year symmetrical triangle.” It set a “conservative target” of $8.40 and an “optimistic” target of a whopping $48.12.

Veteran trader Peter Brandt also intervened. He kept that XRP has “the most powerful chart in the entire crypto world.” It is worth mentioning that Brandt has been quite critical of Ripple’s native token over the years, expressing skepticism about its value and potential on numerous occasions.

X user CRYPTOWZRD shared a similar thesis, predicting that XRP’s market cap is on track to hit a new all-time high of $270 billion.

⚠️ THE BEAUTY OF XRP

The most beautiful graphic in the entire space.

Dear Bears, I’m sorry… you’ve had several years… $XRP it’s going up much higher…next is $270 billion…it won’t stop there

See you at a new all-time high… pic.twitter.com/DpIAPV7Ohh

— CRIPTOWZRD (@cryptoWZRD_) December 8, 2024

At the time of writing these lines, its capitalization is around $136 billion. This makes XRP the fourth largest cryptocurrency, behind Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

Ripple’s lawsuit against the SEC remains a burden

A factor that can drive another bomb for The XRP price is a favorable resolution to the four-year legal battle between Ripple and the US Securities and Exchange Commission (SEC).

Not long ago, Gary Gensler (the current President from the agency) confirmed he willpower leave his position in January of next year. His departure It was something expected since the newly elected president of the United States, Donald Trump, promised to fire him on day 1 of taking office.

Gensler is known as a critic of the digital asset industry. with the presentation of the Commission multiple lawsuits against crypto companies during his tenure.

Last week, Trump nominated former SEC Commissioner Paul Atkins to spearhead the securities regulator. The latter has been a strong supporter of the crypto sector, and it will be interesting to see if the Ripple case will reach a faster conclusion under his leadership.