Many of you saw what led to the the zigzag movement of ripple in July actually what happened here was not what many of you thought about….
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It was an event-driven pump associated with the ruling of Judge Analisa Torress in the case between the United States Securities and Exchange Commission (SEC) and Ripple (XRP)
The court determined that XRP sold on the secondary market doesn’t constitute an investment contract – news that the market obviously perceived as massively
XRP's price doubled in July due to a positive court ruling.
Then some experts came up with their various analysis about the future of
Here's a summary of the expert opinions and their predictions:
Shannon Thorp: XRP's price could reach $500 in the future.
Based on the potential growth of the cross-border payments market.
Then EGRAG CRYPTO another expert said his prediction for XRP's potential target price is $7
But the next challenges is at $0.80 and $1.3.
Then Duo Nine an expert said his prediction for XRP is in a major pennant formation since 2018, likely to break in early to mid-2024.
Price needs to reach $1.3 to escape the pennant and achieve a new all-time high.
Key Resistance $0.87, $2, and $3.3 (ATH).
Now is current Bias is Bullish, with support above $0.45.
These are the predictions and insights from the experts regarding XRP's price.
My analysis is that by December 2023 there be a dive downwards…
XRP will be trading at $0.3 to $0.35
By January 2024 price will move to $0.35 $0.45 and
by May and June 2024, price will pump up to $0.7 - $1.04
By August something will happen to crypto space that will affect all coins…
But by the way, what do you think XRP new price will be for August 2024?
Ps: Leave your comments below, I will be there to learn from your analysis.
Pss: Let me know which next should I analyze for you guys to get involved with
I’m #Tobechukwu I teach people about the financial market and I am rooting for you
