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- Crypto educator predicts XRP price surge based on historical data and regulatory developments.
- XRP’s potential to catch up to Bitcoin and Ethereum in a new market cycle.
- Analysis suggests XRP could reach $4.10-$5.50 in a significant price move.
In the world of cryptos, predictions and speculations are part of the game. Recently, the crypto community was abuzz with a tweet from ‘cryptoinsightuk‘, who offered a compelling hypothesis regarding XRP’s future price movement. The tweet stated, “$XRP Blast off in T-15 days.”
$XRP Blast off in T-15 days.
— Cryptoinsightuk (@Cryptoinsightuk) October 30, 2023
This tweet is a little more complex to explain, but stay with me. I think you'll like it.
This first chart is $BTC, $ETH and $XRP.
The vertical Red line shows when the SEC decided to pick winners and losers in the space, deeming $XRP an… pic.twitter.com/KOiLhgHPcO
While the tweet is rather chart-heavy, the crypto educator goes on to explain his theory by using historical price charts of major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and XRP.
In the first chart, ‘cryptoinsightuk’ points out a significant event in the crypto world – when the U.S. Securities and Exchange Commission (SEC) decided to label XRP as an unregistered security and sued Ripple and its executives.
This had a profound impact on XRP’s price, causing a sharp decline of approximately 68% in just 8 days. In contrast, Bitcoin rallied 94%, and Ethereum saw a 120% increase in 20 days. The tweet suggests that XRP might have been poised for a substantial breakout before the lawsuit hindered its progress.
In fact, ‘Cryptoinsightuk’ emphasizes the potential for XRP to make a significant move if regulatory obstacles are removed. The analysis then fast-forwards to January 6, 2022, when Bitcoin reached $35,000, Ethereum stood at $1,100, and XRP was still 1,187% away from it’s all-time high.
The tweet speculates on what could have been for XRP had it not faced regulatory challenges and suggests the possibility of a substantial price increase. Now, with Bitcoin back at $35,000 and Ethereum at $1,800 on the way up in a potential new market cycle, the tweet raises the question: Could it be time for XRP to lead the charge?
With the legal cloud clearing and XRP’s status as a non-security, the crypto educator proposes that there might be no significant barriers ahead. While the tweet’s predictions are speculative, it highlights the potential for XRP to catch up to its peers, with a target range of $4.10 to $5.50, bringing it closer to Bitcoin and Ethereum’s current price levels.
In conclusion, the tweet encourages readers not to dismiss the possibility, stating that the data and facts support this optimistic scenario.