Story Highlights
- John Bollinger predicts XRP as a market leader.
- XRP price rebounds above $2.40, gains 20%.
- BlackRock may file for XRP ETFs.
John Bollinger, a legendary technical analyst and the inventor of Bollinger Bands, recently suggested that XRP could emerge as a new market leader. Through his X account, he expressed his opinions, which caught the interest of XRP lovers and market investors.
Bollinger employed a mythological metaphor when he said that XRP has defied the recent signing of the Siren’s best song. The market changes have failed to diminish XRP’s ability to endure. After numerous years, Bollinger has provided his perspective on XRP price fluctuations for the first time.
Technical analyst, Ali Martinez, replied that XRP will succeed based on its ability to defend the $2 price support. Current market performance shows that XRP maintains a trading value at $2.40 following its recovery from a low point at $2.10. The stable support establishing itself indicates that XRP may soon see significant upward movement in its value.
Investor Optimism Grows as XRP Price Rises Above $2.40
Ripple CEO Brad Garlinghouse delivered a strong prediction about XRP’s future market potential. The Ripple CEO Brad Garlinghouse indicated XRP could reach a $10 trillion market capitalization value, which would drive its price to $100 per token. The prospect described by Ripple CEO creates mental debate among trading experts and investment professionals.
XRP experienced a 20% price appreciation when it exceeded $2.40 in the weekly timeframe. The U.S. Securities and Exchange Commission (SEC) began settlement talks with Ripple, and market anticipation about XRP’s future together fueled this market surge. The cryptocurrency receives positive investor attitude due to its predicted course.
Nate Geraci Predicts XRP ETF Approval After SEC Settlement
Maple Geraci Co-Founder of The ETF Institute made a striking prediction about XRP settlement on his X account. Nate Geraci expressed optimism about BlackRock’s potential plans for ETF applications involving both Solana and XRP. He predicted that SEC settlements with Ripple about XRP would allow the launch of XRP ETFs.
The cryptocurrency XRP maintains high market interest because of its price fluctuations and legal changes and possible exchange-traded fund releases. While its future remains uncertain, its recent performance and growing institutional interest suggest that it could become a dominant player in the crypto market.
