{"id":562476,"date":"2023-11-25T21:00:46","date_gmt":"2023-11-25T21:00:46","guid":{"rendered":"https:\/\/ktsl888.com\/?p=562476"},"modified":"2024-06-11T07:44:24","modified_gmt":"2024-06-11T07:44:24","slug":"xrp-price-61000-surge-analyst","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-price-61000-surge-analyst\/","title":{"rendered":"XRP Price May Recapture 61,000% Surge Seen In 2017, Analyst Claims"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Prominent crypto analyst CryptoInsightUK has given his thoughts on whether or not the <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-rally-whales-drive-token-to-3-month-high\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP<\/span><\/a><span style=\"font-weight: 400\"> price can replicate the notable 61,000% gain it enjoyed back in 2017. Although the analyst sounded uncertain about how things could pan out, he provided insight as to what the future holds for XRP.<\/span><\/p>\n<h2>XRP Price Repeating 61,000% Move Will Be Harder<\/h2>\n<p><span style=\"font-weight: 400\">In a <\/span><a href=\"https:\/\/x.com\/Cryptoinsightuk\/status\/19027723?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\"> on his X (formerly Twitter) platform, CryptoInsightUK highlighted how XRP exploded in 2017. The crypto token is said to have seen a 61,000% gain in 280 days. As to <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-adopter-says-xrp-price-closer-to-10\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">whether a repeat can happen<\/span><\/a><span style=\"font-weight: 400\">, he mentioned that it would be harder as the market cap would have to be huge. He didn\u2019t rule it out, though, as it would be possible with \u201creal-world utility.\u201d\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/analyst-sounds-warning-this-might-be-your-last-chance-to-buy-bitcoin-below-40000\/\">Analyst Sounds Warning: This Might Be Your Last Chance To Buy Bitcoin Below $40,000<\/a><\/div>\n<p><span style=\"font-weight: 400\">The crypto analyst seemed to be more focused on talking about the <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-lawyer-betting-xrp\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP price potential<\/span><\/a><span style=\"font-weight: 400\"> rather than talking about how high the token could rise. He alluded to the hate that XRP receives and how when people feel such a way, there is probably \u201cvalue\u201d in that asset. He also highlighted other factors that make the token stand out.<\/span><\/p>\n<p><span style=\"font-weight: 400\">CryptoInsightUK mentioned that \u201cXRP has had another 3 years of consolidation to most other cryptos.\u201d This places the token on a higher pedestal as it bounded to enjoy greater expansion from a technical analysis angle.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The analyst also spoke about how XRP is the only crypto token that has overtaken <\/span><a href=\"https:\/\/bitcoinist.com\/why-ethereum-market-cap-higher-than-all-altcoins\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">ETH in market cap<\/span><\/a><span style=\"font-weight: 400\"> on more than one occasion. On one of them, it enjoyed about 20% market share in the total crypto market cap.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The crypto analyst was quick to disclaim whether that meant he was suggesting that the <\/span><a href=\"https:\/\/bitcoinist.com\/is-a-ripple-ipo-good-or-bad-for-xrp\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP<\/span><\/a> price<span style=\"font-weight: 400\">\u00a0could achieve these feats again. He stated that only time will tell as he wasn\u2019t making any point but only sharing his thoughts.\u00a0<\/span><\/p>\n<h2>XRP\u2019s Unique Offerings And Positioning<\/h2>\n<p><span style=\"font-weight: 400\">In his post, CryptoInsightUK also mentioned that \u201cXRP is in a unique position.\u201d He was referring to how XRP \u201cis the only altcoin that has legal clarity.\u201d This clarity comes from Judge Analisa Torres\u2019 ruling that XRP is not a <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-judge-deems-xrp-sale-non-investment-contract\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">security in itself<\/span><\/a><span style=\"font-weight: 400\">. That is another factor that he believes makes XRP stand out, considering that the regulatory landscape is only just building up.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/xrp\/valour-xrp-etp-price-10\/\">Valour XRP ETP Set To Begin Trading, Can Institutional Inflows Drive Price To $10?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Ripple\u2019s Chief Legal Officer <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-exec-says-sec-cant-file-an-appeal\/#:~:text=On%20Twitter%20Purchase-,Ripple%20vs%20SEC%20Fight%20Heats%20Up%20As%20Legal%20Exec%20Says,t%20File%20An%20Appeal%20Yet&amp;text=The%20legal%20battle%20between%20the,could%20run%20into%20next%20year.\" rel=\"nofollow\"><span style=\"font-weight: 400\">Stuart Alderoty<\/span><\/a><span style=\"font-weight: 400\"> had <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-clo-positioning-xrp-us\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">previously echoed<\/span><\/a><span style=\"font-weight: 400\"> similar sentiments when he mentioned how Judge Torres\u2019 ruling helped XRP attain a unique status. He specifically mentioned the fact that XRP was now \u201cuniquely classified\u201d as a non-security in the US. The unique status is more significant considering that the US <\/span><a href=\"https:\/\/ktsl888.com\/crypto\/sec-announcement-crypto\/#:~:text=What%20The%20SEC's%20Latest%20Announcement%20Means%20For%20The%20Crypto%20Industry,-by%20Scott%20Matherson&amp;text=A%20recent%20announcement%20by%20the,actions%20have%20had%20on%20it.\"><span style=\"font-weight: 400\">Securities and Exchange Commission<\/span><\/a><span style=\"font-weight: 400\"> (SEC) continue a host of crypto token as securities.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/QoyCjRLc\/\" alt=\"XRP price chart from Tradingview.com (Crypto analyst)\" width=\"2650\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">Token price reclaims $0.61 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSD on Tradingview.com\u00a0<\/a><\/pre>\n<div class=\"disclaimer-shortcode\"><em>Featured image from Bitcoinist, chart from Tradingview.com<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prominent crypto analyst CryptoInsightUK has given his thoughts on whether or not the XRP price can replicate the notable 61,000% gain it enjoyed back in 2017. Although the analyst sounded uncertain about how things could pan out, he provided insight as to what the future holds for XRP. XRP Price Repeating 61,000% Move Will Be Harder In a post on his X (formerly Twitter) platform, CryptoInsightUK highlighted how XRP exploded in 2017. The crypto token is said to have seen a 61,000% gain in 280 days. As to whether a repeat can happen, he mentioned that it would be harder as the market cap would have to be huge. He didn\u2019t rule it out, though, as it would be possible with \u201creal-world utility.\u201d\u00a0 Related Reading: Analyst Sounds Warning: This Might Be Your Last Chance To Buy Bitcoin Below $40,000 The crypto analyst seemed to be more focused on talking about the XRP price potential rather than talking about how high the token could rise. He alluded to the hate that XRP receives and how when people feel such a way, there is probably \u201cvalue\u201d in that asset. He also highlighted other factors that make the token stand out. CryptoInsightUK mentioned that \u201cXRP has had another 3 years of consolidation to most other cryptos.\u201d This places the token on a higher pedestal as it bounded to enjoy greater expansion from a technical analysis angle.\u00a0 The analyst also spoke about how XRP is the only crypto token that has overtaken ETH in market cap on more than one occasion. On one of them, it enjoyed about 20% market share in the total crypto market cap.\u00a0 The crypto analyst was quick to disclaim whether that meant he was suggesting that the XRP price\u00a0could achieve these feats again. He stated that only time will tell as he wasn\u2019t making any point but only sharing his thoughts.\u00a0 XRP\u2019s Unique Offerings And Positioning In his post, CryptoInsightUK also mentioned that \u201cXRP is in a unique position.\u201d He was referring to how XRP \u201cis the only altcoin that has legal clarity.\u201d This clarity comes from Judge Analisa Torres\u2019 ruling that XRP is not a security in itself. That is another factor that he believes makes XRP stand out, considering that the regulatory landscape is only just building up.\u00a0 Related Reading: Valour XRP ETP Set To Begin Trading, Can Institutional Inflows Drive Price To $10? Ripple\u2019s Chief Legal Officer Stuart Alderoty had previously echoed similar sentiments when he mentioned how Judge Torres\u2019 ruling helped XRP attain a unique status. He specifically mentioned the fact that XRP was now \u201cuniquely classified\u201d as a non-security in the US. The unique status is more significant considering that the US Securities and Exchange Commission (SEC) continue a host of crypto token as securities.\u00a0 Token price reclaims $0.61 | Source: XRPUSD on Tradingview.com\u00a0 Featured image from Bitcoinist, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":562487,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[167,6664,26263,14690,3680,17209,4531,13172,16289,10972,78763],"class_list":["post-562476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-price","tag-xrp-price-prediction","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Price May Recapture 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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