Crypto analyst Matt Hughes believes that XRP has shown resilience in the bearish market and has the potential for a 3X price rally. XRP has not touched the daily Ichimoku Cloud, indicating strength and maintaining a firm position above key support levels. Despite a price dip to $2.20, XRP has performed better than other cryptocurrencies like Ethereum and Solana. Hughes sees this as a bullish signal and predicts a major bounce for XRP, potentially reaching $9. This aligns with veteran market analyst Peter Brandt's suggestion that XRP could reach a $500 billion market cap and a price of $8.74 per token. However, the pattern needs to break out within six weeks to maintain its bullish potential.



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