- XRP has taken center stage by rallying 490% since the beginning of November.
- Most analysts predict a $10 target for XRP in 2025.
- It would take 100,000 tokens to become a millionaire if XRP rises to $10.
XRP has taken center stage by becoming arguably the most bullish top cryptocurrency in the currency bull run. The altcoin has gained over 490% since the beginning of November, with crypto analysts predicting further upside for XRP, with many predicting the altcoin could reach a $10 price target during this bull cycle.
Following such a massive surge and the positivity surrounding Ripple and XRP, many crypto investors foresee the upcoming bull season as an opportunity to profit massively from the potential rise in XRP’s price. Most analysts, therefore, consider the fundamental events surrounding XRP the reason as to why the altcoin will achieve a $10 price target.
After years of bearish pressure and uncertainty from Ripple’s ongoing case with the SEC, XRP traded around $0.5 for over two years, leaving many investors discouraged. However, recent developments indicate the legal battle may soon end, reigniting optimism among XRP holders.
In the meantime, crypto users are sensing a massive turnaround in XRP’s fortunes. That begins with ending the case between Ripple and the SEC soon. Additionally, Gary Gensler, who many crypto supporters consider an enemy of the industry, recently announced he would leave office on January 20, 2025. Gensler’s exit come 2025 has boosted crypto users’ sentiment, especially XRP supporters who believe he has played a significant role in the crypto project’s challenges.
Most people expect President Donald Trump to appoint a more crypto-friendly chair for the SEC. That could end the case between the commission and Ripple. Such a move could trigger a ripple effect across the crypto industry, considering the number of similar cases the SEC has against other cryptocurrency projects.
Altcoin Season: Why Holding XRP Could Lead to Major Gains
The current sentiment suggests XRP is primed for success during the anticipated altcoin season. The prevailing assumption is that holding XRP could be the surefire way to becoming a millionaire in 2025.
If your XRP price target for the current bull run is $10, which most analysts predict, you would need 100,000 XRP tokens to become a millionaire. It is crucial to note that XRP’s all-time high is $3.317, marking the highest resistance level for the altcoin. Breaking above that level would launch XRP into unknown territory, where anything can happen.
Read also: Gary Gensler Reportedly Preparing to Leave SEC Role Before Term Ends
Historical trends show that things can change fast when trading volatile cryptos like the XRP. Hence, experts advise crypto users to trade cautiously and have a concrete plan while exploring the opportunities the bull cycle provides.
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