Ripple’s currency, XRP, made a lot of noise over the weekend. The Securities and Exchange Commission (SEC) has been the subject of speculations. [SEC] The settlement reached with Ripple has pushed altcoins’ price up to near $0.50. At the time of publication, however, it was still trading at $0.4895 without any major fluctuations or surges. The asset may record an upward trend in contrast to its current bearish trajectory.
Changelly said that the asset’s outlook for the week ahead is positive. This week, XRP will likely reach a peak of $0.660114. The current price is up 34%. The altcoin is expected to record double-digit growth throughout 2018. next Few days.
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/06/Germanys-Stock-Exchange-Projects-Ripple-XRP-To-Reach-10.png)
Also Read: Ripple: $25 Million XRP Sent to Exchanges, Correction Incoming?
How can XRP reach $10?
Frankfurt Stock Exchange, Germany has announced that XRP is now significantly higher. Oliver Michel, CEO of Tokentus Investment AG. suggested The asset could surge more than 2,00% by the end of this year. Michel noted that XRP is different from Ethereum [ETH] Solana [SOL]. XRP, unlike these cryptocurrencies has not shown much change in the past 12 months. The altcoin, however, formed a wedge from early 2017 to 2014. This resulted in an increase of 4,300%.
Analysts pointed out that the altcoin had been trading in a sideways fashion. The altcoin was trading sideways a few days before its recent rally. Immediately after, the asset rose to its highest level ever of $3.84. As of the date this was written, altcoins were trading at 87% less than their high. Michel pointed out that XRP has increased by 39.700% from previous lows. Analysts did not anticipate this kind of surge. He predicts XRP will rise from $8 to $10 in this year alone. He added,
“That would be quite nice. It’s something to hope and wait for, and that’s what I’m doing. “
Also Read: XRP To $7.5? Analysts Breakdown Pattern Indicating Rally
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru