Crypto analyst Tony Edward claims the charts show bullish signs for XRP Coin. Another prominent analyst, CrediBULL Crypto, believes that once the XRP bull run starts, it could soar to $30. However, a pending appeal by the U.S. SEC in the Ripple case could dampen the anticipated XRP price rally.
The XRP Coin Bull Run Is Coming Soon!
Crypto analyst Tony Edward expressed that haters will always hate, but the XRP Coin charts show positive signals. Edward’s statement aligns with fellow analyst CrediBULL Crypto’s analysis, providing a bullish outlook for XRP Coin. CrediBULL Crypto highlighted that an almost seven-year-long consolidation in higher time frames will end, signaling the potential for a massive breakout.
The analyst also emphasized that XRP has one of the largest bull flags. He argued that no other crypto has maintained such a bullish pattern, especially not for seven years, like XRP. CrediBULL Crypto predicts the XRP bull run will be legendary when the “old guard” wakes up.
Bold Prediction: XRP Could Hit $30!
In a video on the Thinking Crypto YouTube channel, Edward and CrediBULL Crypto discussed the potential price for XRP. According to CrediBULL Crypto, no other cryptocurrency has consolidated for this long. He said, “The longer the consolidation, the bigger the expansion.” Therefore, this long consolidation period could be a good thing for XRP.
The analyst expects that when the XRP bull run begins, the token could easily reach $10. He further speculated that XRP could soar to $30, which parallels Ethereum’s (ETH) expected climb to $20,000 during the same bull run. CrediBULL Crypto explained that it doesn’t make sense to bet against XRP now, especially with Bitcoin on the verge of going parabolic and the SEC vs. Ripple case essentially concluded.
Grayscale Snubs XRP from Top 20 List
Despite some analysts’ optimism, others remain skeptical about XRP. As reported by Turkish NY Radio, Grayscale did not include XRP in its top 20 crypto assets for the fourth quarter. Instead, the asset manager added coins like SUI, TAO, and CELO, which currently rank below XRP in market capitalization.
Ripple Case and Its Impact on XRP
The SEC vs. Ripple case outcome remains a pivotal factor for XRP’s future. CrediBULL Crypto reminded the community that XRP’s price plummeted following the start of the case in 2020, and the token could not hit a new all-time high during the 2021 bull run due to the ongoing litigation.
While the case appears to be nearing its end, the SEC has until October 7 to file an appeal against Judge Torres’ decision on programmatic sales. Should the SEC appeal, it could negatively impact XRP’s price. The crypto market has slowly been recovering, with Bitcoin surpassing $65,000. But all eyes remain on the October 7 deadline.
Key Takeaways:
- XRP bull run could push the price to $30, predicts CrediBULL Crypto.
- XRP is consolidating, a pattern that could lead to a significant breakout.
- SEC’s Ripple case still looms large over XRP’s future price movements.
- Grayscale’s exclusion of XRP from its top 20 list raises questions among investors.
- Due to the potential SEC appeal, October 7 remains a crucial date for XRP.
You can read more on our website, Turkish NY Radio.
