XRP, the native token of Ripple, may be on the verge of a breakout. According to Dark Defender, a popular cryptocurrency analyst, XRP has the potential to break out of its current resistance levels of $0.66 and $0.91. Some analysts have even suggested that XRP could reach an all-time high of $5.85. However, other predictions for XRP are much higher, with some as high as $500. While this is possible, it is unlikely due to the market capitalization requirements. Ripple and XRP have been in the spotlight since the blockchain firm won a partial victory against the US Securities and Exchange Commission in July. This announcement caused a price rally that saw XRP trading at over $0.85. Since then, analysts have made various predictions for XRP, ranging from $1.40 to $500. Overall, XRP may be on the verge of a breakout, with potential resistance levels of $0.66 and $0.91. Some analysts have suggested that XRP could reach an all-time high of $5.85, while others have made much higher predictions. However, the feasibility of the highest prediction is doubtful due to market capitalization requirements.
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Information |
Details |
Geography |
Global |
Countries |
|
Sentiment |
neutral |
Relevance Score |
8 |
People |
Duo Nine, EGRAG CRYPTO, Shannon Thorp, Dark Defender |
Companies |
US Securities and Exchange Commission (SEC), PrimeXBT, EGRAG CRYPTO, Binance, Duo Nine, Ripple |
Currencies |
XRP, Bitcoin, Ethereum |
Securities |
None |