XRP News: Analyst Outlines Conditions for Potential Bull Run Despite Recent Price Stagnation

Ripple, the company behind the cryptocurrency XRP, has recently received long-awaited news, but the impact on XRP’s price has been minimal. An analyst has provided insights into what needs to happen for XRP to resume its bull run, but currently, the asset is struggling to maintain momentum.

What Can Restart Ripple’s (XRP) Bull Run: Analyst

Ripple finally received the news it had anticipated for over four years, but the price impact on XRP has been minimal. A popular analyst outlined what needs to happen for the asset to kickstart its bull run, but XRP is currently not close to it. The price movements from XRP in the past several weeks have been quite underwhelming, with the asset struggling at $2.25 after a 4% daily decline. This is far off the $3.4 local peak reached in mid January. Despite the hype, regulatory changes, and the ongoing SEC lawsuit, XRP’s price remains relatively stagnant.

Ripple: New Price Prediction Claims XRP To Hit $5-$8

Ripple (XRP) is currently one of the trending cryptocurrency tokens. The token has gained popularity among investors due to its compelling offerings and resilient spirit. A new price prediction claims that XRP may hit new highs, ranging from $5 to $8, amidst the rising ETF development. Nearly 18 ETFs have been filed with the US SEC for XRP, and once approved, these ETFs can help onboard a new stream of investors, potentially pushing the token’s price higher.

XRPTurbo Presale Raises Over 160,000 XRP

XRPTurbo, the innovative DeFi and token launchpad specifically built for the XRP Ledger (XRPL), has successfully raised over 160,000 XRP in its ongoing presale, surpassing 50% of its hard cap target. With fewer than seven days remaining in the presale period, participation has continued steadily as the platform approaches its fundraising target. Positioned as a launchpad tailored for the XRP Ledger, XRPTurbo aims to provide infrastructure for projects seeking to develop within the XRPL ecosystem. While the XRP Ledger is renowned for its low transaction costs, high-speed, and enterprise-grade reliability, it historically lacked essential developer tools and intuitive interfaces. XRPTurbo seeks to bridge this gap and facilitate the adoption of DeFi within the XRPL community.

XRP’s Potential to Reach All-Time High and Its Current Market Status

Ripple’s XRP has seen immense growth this year, breaking several resistance levels and reaching new seven-year peaks. The asset traded between $0.3911 and $0.3911 (likely a typo, as no change indicated) over the past year, marking a 259% increase. Although it hasn’t reclaimed its all-time high of $3.84 from 2018, the community is optimistic about its future performance. At the time of writing, XRP was trading at $2.22 but dipped by nearly 6% over the past 24 hours amidst market bloodshed.