“Don't snooze, because timing this move could make you a millionaire,” one passionate crypto fan exclaimed.
Ripple’s XRP has been on a roll over the past two weeks, pumping up its price by around 10%. It even flirted with the $0.60 mark before cozying up at $0.58, according to CoinGecko’s stats.
Some analysts are buzzing that XRP is on the brink of a jaw-dropping rally. Take Bitlord, a popular voice in the crypto scene, who’s predicting the token is about to shoot up like a rocket. “XRP gets a ton of hate, but the last time I called it, it moved billions and topped out. I’m ready for that party to start again,” they shared.
Then there's The Great Mattsby, who’s drawing parallels between XRP’s recent performance and Tesla’s (TSLA) wild ride in the 2010s. Back then, Tesla’s stock soared from under $2 to a whopping $30 and kept climbing. While comparing an electric car company to a cryptocurrency might seem odd, it’s an eyebrow-raising analogy.
On another note, Dark Defender is eyeing a spike to $0.66 for XRP. “Jan-2018 Resistance will be eliminated above $1.03, yup, that exact point is interesting,” the trader mentioned.
But hold on, the XRP rollercoaster might have more twists and turns ahead. The ongoing lawsuit between Ripple and the US SEC could shake things up. Recently, Judge Torres ruled that Ripple’s sales of XRP to retail investors weren’t securities transactions but slapped the company with a $125 million fine for breaking some rules.
This amount is a 94% cut from what the regulator originally wanted, so Ripple is unlikely to appeal. Ripple’s top brass, including CEO Brad Garlinghouse and CLO Stuart Alderoty, have pledged to respect the court’s decision.
The SEC, however, might not be done yet. They have until October 7 to decide whether to challenge the ruling, but so far, they’ve kept mum about their next move. So, keep your eyes peeled, because the XRP story is far from over!
