Featured image from Adobe Stock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The XRP price is in the spotlight again, as a crypto analyst has shared his short\u2014to long-term prediction for the third-largest altcoin. While the asset has experienced a series of bullish events that have driven its price to its current level, the analyst strongly believes that the cryptocurrency can jump even higher to reach $20.\u00a0 XRP Long To Short Term Price Prediction According to a crypto analyst identified as \u2018XRP Meesku\u2019 on X (formerly Twitter), the XRP price is gearing up to skyrocket to a new long-term ATH target of $20. The analyst\u2019s bullish outlook for the token stems from its innovative potential, as advanced developments and technological advancements tend to drive price surges in a cryptocurrency. Related Reading: XRP Price Rallies To ATH At $3.4, Here\u2019s What\u2019s Driving It And Why The Pump Will Continue Notably, the analyst revealed that there has been ongoing speculation that XRP could be pivotal in national banking. He highlighted that many discussions have arisen suggesting that the altcoin could be used as a potential base layer for the United States (US) banking system. If this happens, it could fuel significant growth and adoption for XRP, potentially positioning it as a \u201cglobal asset that is gaining traction.\u201d Moreover, it could trigger a price increase of $20 ATH for the altcoin.\u00a0 In the mid-term time frame, XRP Meeksu predicts that the altcoin could potentially hit $8 first before attempting to break past its cycle top. He reveals that his optimistic outlook for XRP was influenced by factors such as new financial products like futures and the ongoing legal challenges with the US Securities and Exchange Commission (SEC). Based on his analysis, the crypto expert suggests that resolving these issues could spark a price rally.\u00a0\u00a0 Finally, the analyst shared a short-term price forecast for XRP, highlighting that altcoin is expected to experience significant volatility, leading to price fluctuations. Due to its sharp growth potential, he predicts a surge to $3.6 or higher was possible. Moreover, the X market expert mentioned the increase in significant liquidation trends, underscoring that traders may take a long position after being forced to close due to market fluctuations. Bullish Factors Driving The Price Surge While the XRP Meeksu shares his long- to short-term bullish prediction for the XRP price, the analyst also outlines several bullish activities that could drive a potential surge in the cryptocurrency. According to the crypto expert, the XRP market has seen a lot of activity lately, with the price stabilizing despite spikes in whale activity.\u00a0 Related Reading: XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board Looking at the asset\u2019s past performances, the analyst mentions a notable transfer of $62 million to various crypto exchanges \u2014 a movement that could potentially be seen as a sell signal for strategic whale repositioning. Moreover, the CME Group has hinted at launching XRP futures, paving the way for institutional adoption and engagement in the cryptocurrency.\u00a0 Furthermore, the analyst delved deeper into the lawsuit between Ripple and the SEC, highlighting discussions about potential settlements and the conclusion of the almost four-year legal battle. Despite the lawsuit drama, the crypto expert disclosed that XRP\u2019s overall sentiment remains bullish as analysts project more growth in the future.\u00a0 He revealed that XRP is showing signs of a price recovery and could soon hit new ATHs. Moreover, its community remains vibrant and active, sharing updates about ongoing scam threats, key events, and more. Featured image from Adobe Stock, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":682739,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[134,4698,94033,3680,3799,4531,83637,13172,10972,78763],"class_list":["post-682729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-altcoin","tag-cme-group","tag-meeksu","tag-ripple","tag-sec","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n
XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n