Can XRP Rally 1,000X Despite The Drop Below $0.6?
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A crypto analyst named Mickle expects XRP's price to surge 1,000X, despite its recent fall below $0.6. He believes favorable regulatory changes in the United States could drive this rise. Mickle notes that the cryptocurrency community has shown resilience against regulatory challenges, strengthening after winning several court cases.
Mickle compares XRP's current price movement to a similar pattern seen between 2013 to 2017, suggesting a bullish trend despite recent declines. He predicts that if XRP completes this symmetrical triangle pattern, it could see an exponential breakout.
Currently, XRP has dipped to $0.57, a 10% drop in 24 hours. The legal battle between Ripple and the SEC is nearing its conclusion, contributing to this price volatility. Market intelligence platform Santiment suggests that low 7-day average trader returns for major cryptocurrencies like XRP could indicate a potential price rebound.
Source: www.newsbtc.com ↗
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