XRP is experiencing significant growth, currently at $0.5740, an 11% increase from the previous day. Analysts, such as CoinsKid, predict a potential rise to $4, supported by Bitcoin's bullish market influence.
CoinsKid's analysis using a two-year weekly chart identifies resistance points at $0.94, $1.50, and $2.50, which XRP could surpass without retesting lower support levels. This expectation suggests promising financial gains for investors if the bullish trend continues.
The possible reform of the SEC under President-elect Donald Trump, specifically replacing Gary Gensler, adds optimism among XRP holders. Any regulatory leniency could enhance XRP's market position, potentially removing legal barriers and encouraging growth.
Long-term forecasts for XRP are optimistic, with potential price increases of 14% in three months, 160% in six months, and over 100% in a year. Factors like market momentum, technical resilience, and possible regulatory changes support this outlook, driving anticipation of reaching a new all-time high.
