New XRP Rally Incoming? Analyst Believes This Cycle Is Unique 🚀
XRP investors are observing a key price level this week. 'Guy on the Earth', a market observer, has noted that XRP has exceeded a longstanding resistance level at $2. Historically, XRP's price soared from $0.0055 to $3.80 in early 2018 before dropping. Attempts to break the $2 level consistently faced challenges until recently.
In December 2024, amidst a bullish market, XRP cleared the $2 mark and has maintained this position for almost five months. 'Guy on the Earth' predicts further rises, with targets like $5.30, provided the altcoin stays above $2.
The trend appears promising but must be considered alongside Ripple's legal issues with the SEC and the broader crypto regulatory landscape. Monitoring on-chain metrics like active accounts and large transfers will be critical to understanding XRP's price stability.
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