XRP Price Prediction: Will the Token Reach Double Digits This Year?

XRP experienced a big jump on March 19, surging more than 12% after Ripple CEO Brad Garlinghouse announced that the U.S. SEC had dropped its appeal against the company

The price of XRP experienced a big jump on March 19, surging by more than 12% after Ripple CEO Brad Garlinghouse announced that the U.S. SEC had dropped its appeal against the company – definitely a moment XRP fans were waiting for.

But just as quickly as it rose, the price fell back down the next day, leaving XRP to trade down below the $2.50 level.

The last week has seen less activity from major XRP whales, with no large-scale buying or selling emerging yet. But some experts say now isn’t the time to sell. They believe this could be the calm period before a big move.

Some experts are betting on a strong rebound for XRP. Analyst Vandell is among those who see the token making a comeback and eventually reaching triple-digit prices this year.

According to him, while some have called the current market a "bear" market and others speculate that a bull run may be over, the truth is we’re still in the middle of a bull market. He believes the crypto market works in cycles, often called the "four-year cycle," and it's not over yet.

“XRP will reach triple digits this year. I can’t believe people are selling now. ”

Even with some talk about the four-year cycle ending, Vandell thinks the underlying factors for the market are still strong. He explains that global liquidity and debt markets play an important role in driving crypto, especially Bitcoin and XRP.

Historically, when liquidity expands, cryptocurrencies tend to rise, and when liquidity contracts, they crash. This pattern has remained consistent for nearly a decade, and the analyst said that XRP might follow that same trajectory.

The post XRP Whales Are Quiet But Some Experts See A Different Story As Bouncing Back From Key Level Is Expected appeared first on Coin Edition.

The post XRP Whales Are Quiet But Some Experts See A Different Story As Bouncing Back From Key Level Is Expected appeared first on Coin Edition.