XRP Price Predicted to Reach $40 in 3 Months with One Key Condition
XRP has been gaining momentum in the crypto market, with a 23.21% increase in the past 24 hours. Over the last two weeks, it has seen a 154% price gain, making it the sixth-largest cryptocurrency with a market cap of $89.82 billion. With this growth and the current crypto bull season starting, experts are optimistic about XRP’s potential to reach higher price levels.
Analysts suggest that XRP could reach $40 in the next three months if it follows a similar pattern to its price surge in 2017. Back then, XRP went from $0.006 to $0.33, marking a 5,400% gain. Given its recent rally, the altcoin might be gearing up for another significant price movement in the ongoing crypto bull run.
The recent resignation of SEC Chairman Gary Gensler, known for his tough stance on crypto regulation, has also contributed to the positive sentiment surrounding XRP. His departure, along with the pro-crypto stance of incoming US President-Elect Donald Trump, could lead to a more favorable regulatory environment for XRP. This, coupled with the potential introduction of a spot ETF, is further fueling optimism about XRP’s future profitability.
According to experts, if XRP continues to follow its historical price trajectory, it could hit $1.96 in November, $6.30 in December, and $40 in January. Overall, the outlook for XRP seems promising, given its recent performance and the changing regulatory landscape in the crypto market.
