- Ripple’s XRP records a victory against the SEC, sparking hopes of a massive rally.
- XRP surges by over 50% following the groundbreaking court ruling, declaring it’s not a security.
- Prominent chartist Egrag predicts XRP could potentially reach $4 or even higher prices.
Ripple’s XRP has recently recorded a victory against the SEC, sparking hopes of a massive rally for the asset. Some market participants are even predicting that it could make lots of millionaires out of investors.
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XRP surged by over 50% within four hours following the announcement of the groundbreaking court ruling, which declared that XRP is not a security. This has led to renewed speculation that XRP could surge even further, potentially reaching $4 or even higher prices.
In addition to the recent victory against the SEC, XRP has also been gaining traction in the broader market. The asset is now the fourth-largest cryptocurrency by market capitalization, and it has been steadily increasing in value over the past few months.
This recent momentum suggests that XRP could continue to rally in the coming months. If the asset reaches $4, it would be a significant milestone for XRP and could potentially make millionaires out of investors.
Prominent chartist Egrag has recently forecasted that XRP is close to breaking through a line of interest on the weekly chart. According to the analyst, once XRP flips this line, it would set sail to a level he terms “Valhalla.” Egrag sets price targets of $3.5, $13, or $75.
Looking ahead, the future of the Ripple Network in the crypto space seems promising. With the recent momentum and potential for further surge, Ripple’s XRP is set to make significant strides in the crypto world.
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