XRP Price Suppressed During Last Bull Run Because Of SEC Lawsuit
A crypto analyst predicts that XRP will experience a massive 4,000% price surge, reaching $27 in the next bull run. The analyst, ERGAG CRYPTO, explains that XRP’s price was suppressed during the previous major crypto bull run in 2021 due to an ongoing lawsuit from the SEC against Ripple Labs, the creator of XRP. While other cryptocurrencies like Bitcoin and Ethereum reached new all-time highs, XRP struggled due to fears that the lawsuit would negatively impact its future. However, a federal judge in the United States recently ruled that the programmatic sales of XRP do not constitute securities selling. With a settlement in sight for the lawsuit, XRP is expected to make up for lost time and experience a significant price increase.
What’s Next For XRP?
The entire crypto market has been witnessing gains since mid-October, and XRP is no exception. While its current price is relatively low compared to other altcoins, XRP is still one of the strongest cryptocurrencies in terms of market cap. ERGAG CRYPTO has previously made optimistic price predictions for XRP and believes that it could easily surpass its previous all-time high of $3.84 in the next bull market. The analyst had initially predicted that XRP might not reach a new all-time high until July 2028 but now expects it to reach $27 by mid-2024.
Hot Take: XRP Poised for Explosive Rally to $27
According to crypto analyst ERGAG CRYPTO, XRP has the potential to experience a massive rally and reach a price of $27 in the next bull run. This bullish prediction comes after XRP’s price was suppressed during the last major crypto bull run due to an ongoing lawsuit from the SEC. However, with a settlement in sight for the lawsuit, XRP is expected to regain its lost energy and surge to new heights. While the timeline for the next bull run is uncertain, ERGAG CRYPTO suggests that it could happen around mid-2024. If this prediction proves true, XRP holders could see significant returns on their investment.
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