Despite his Agitated price action Over the past seven days, the atmosphere in the XRP camp is more and more optimistic. In particular, XRP is witnessing a wave of daring predictions of several analysts of superior cryptography. This comes as well as a large project to tokenize real assets promises to increase the demand and usefulness of XRP on a global scale by tokening 200 million dollars in the big XRP book.
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Not optimistic enough on XRP?
Crypto Credibull analyst Pushes a bold message to the XRP community: the market always underestimates the upward configuration of Altcoin. In an article on the social media platform X, he noted that XRP is currently taking place over its eighth month of consolidation above its monthly fence of all time, which is a feat that few assets on the market can match.
He underlined this laterally extended movement, in particular after a strong impetus out of the level of $ 0.50 at the end of 2024, as proof that XRP is preparing for a continuation of the escape. In particular, its graphic of monthly candles shows a tight group of monthly candles hovering above the fork of $ 2.00. According to Credibull, this structure is one of the cleansing In cryptographic space, just behind Bitcoin.
Picture From X: Credibull
Another major contributor to the current Haussier story is a analyst known as Ripple Pundit, projected a 35,000% high increase in price for XRP while Ripple announces a banking license. In his article on the social media platform, he predicted that a regulatory green light and the final resolution of The overhang of XRP regulation with the dry could trigger a significant increase in the price.
Likewise, the SMQKE market commentator Attracted attention to The elevation of explosive XRP prices at the end of 2017 and in early 2018, during which the co -founder of undulation Chris Larsen has briefly become one of the richest people in the world due to the XRP rapid rally from $ 0,00065 to $ 2.5. SMQKE noted that the last cycle was just an overview of what is happening. The next fans of adoption will be global, fully regulated and built for the scale. In his words, “2018 was just a warm -up”.
Ali Martinez technical analyst Adding additional credibility to the bullish case by highlighting the level of $ 2.38 as the next major resistance. This is based on the data distribution chain produced UTXO from Glassnode (URPD), which shows a significant XRP volume at this price level. If XRP manages to identify this area with a strong volume, it would not only overcome strong resistance, but also would trigger a cascade of purchase interest and a major rally.
Picture From X: @ali_charts
Bitcoin Mercadoin Tokenization Deal on XRPL
The underlying utility of XRP also gains ground beyond price graphics and predictions. Bitcoin Mercadoin, one of the largest platforms of digital active ingredients in Latin America, Recently announced plans To tokenize more than $ 200 million in real assets (including fixed income instruments and actions) directly on the large XRP book.
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This initiative supports the bullish thesis of XRP prices’ action. At the time of writing this document, XRP is negotiated at $ 2.25, up 2% in the last 24 hours.
Pixabay star image, tradingview graphic
