Crypto analyst Bobby A provides a bullish prediction for XRP despite the regulatory turmoil caused by the US Securities and Exchange Commission's (SEC) case against Ripple Labs. Bobby believes that XRP has the potential for upward movement based on the asset's long-term trends and consolidation. He points out that during the SEC lawsuit in 2020, XRP appreciated significantly. Bobby analyzes the monthly Bollinger Bands of the XRP/USD chart and believes that XRP is at a pivotal point where any increase in volatility could lead to a substantial price movement. He expects a return of 950% to 2,600% for this bull run. Bobby theorizes that initial movements when volatility returns might be deceptive, drawing parallels to Bitcoin's unexpected rally in March 2020. He also speculates that the upcoming US presidential election could impact the regulatory landscape affecting XRP. Despite the challenges, Bobby maintains a strong conviction in the bullish thesis for XRP.
- Content Editor ( newsbtc.com )
- 2024-10-04
XRP Macro Charts Signal Explosive Bullish Move Despite SEC Appeal: Analyst