According to CryptoPotato, XRP has been experiencing significant volatility recently, with some predictions suggesting a potential surge to $4 by early 2025. The upcoming trial between Ripple and the US Securities and Exchange Commission (SEC) on April 23 has added to the interest in XRP. Speculations are rife that a favorable outcome for Ripple could trigger a significant rally in the asset's price.
In the past few days, Ripple's XRP has seen increased volatility, peaking at $0.64 on April 9 before falling back to its current level of approximately $0.60. Cryptocurrency analyst Mikybull Crypto suggested that the ongoing price fluctuations could lay the groundwork for substantial future gains, potentially reaching as high as $4. This new all-time high (ATH) could be achieved by the start of 2025, according to the analyst.
Another analyst, Dark Defender, also presented a bullish forecast, suggesting that XRP is ready for a 'monthly break', which could lead to significant price increases. 'We expected this resistance to be eliminated in April, and the time has come. I expect the move towards $1 very soon, which will pave the way for $1.88 & $5.85 first,' the analyst stated.
Earlier this week, another user, EGRAG CRYPTO, claimed that XRP's price trajectory had formed a pattern known as 'three camel humps', indicating a 'bullish momentum' towards the range of $1-$1.30. The asset recently made headlines by entering the list of the top 10 cryptocurrencies that have been the subject of the most discussions recently.
The rising interest in XRP could be attributed to the impending trial between Ripple and the SEC. Some believe that a decisive victory for Ripple could trigger a significant XRP rally and a boom for the cryptocurrency industry. Conversely, an unfavorable outcome could hinder the sector's progress and lead to the implementation of stricter regulations.
