A crypto analyst is predicting big things for XRP, the second-largest altcoin. They believe XRP is poised to reach new all-time highs in the coming weeks.
Bullish on XRP
Pentoshi, a popular analyst with a large following on X (formerly Twitter), says XRP’s chart looks incredibly strong. They even described it as “disgustingly good,” suggesting a significant price increase is likely. While anticipating a short pause before the next surge, Pentoshi expects XRP to break into new price territory within the next two weeks. This positive outlook is supported by several factors.
Positive Factors Driving XRP
Pentoshi highlights several positive developments potentially boosting XRP’s price:
- Ripple’s Banking License Push: Ripple’s efforts to secure a banking license could significantly benefit XRP.
- Potential Stablecoin Regulations:
The potential passing of new stablecoin regulations could also create positive momentum for XRP.
- Market Rotation: The analyst also sees a possible shift in the market from large-cap to mid-cap cryptocurrencies, which could favor XRP.
Looking Beyond XRP
Pentoshi also mentioned their interest in exploring some mid-cap altcoins (those with a market cap between $1 billion and $10 billion) after focusing on large-cap cryptocurrencies recently. They believe many mid-cap charts show promising structural patterns.
Disclaimer:
This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies./p>