CandleFocus Wall Street Analyst Says 4-Year Cycle Trend Could Drive XRP to $33
2024-11-22
Author: Content Editor
A Wall Street analyst predicts that XRP could reach a price of $33 based on historical price patterns and a four-year cycle. The analyst points out that XRP has recently doubled in price, exceeding $1 for the first time in years, which has led to optimism among investors. XRP's price history shows a four-year cycle of significant gains followed by a downtrend. Based on this pattern, the analyst believes that XRP could reach $33 to $40 by 2025, although there may be pullbacks along the way. The analyst also mentions several factors contributing to the bullish outlook, including the potential resolution of the legal battle between Ripple and the SEC, growing institutional interest in XRP, and the possibility of favorable U.S. crypto regulations.
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