Can Ripple (XRP) See $5 in 2022? Here are the Bullish Parameters That Could Trigger the Increase

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Crypto currency the market spent 2021 quite actively. So much so that along with the sharp declines in the market, there have also been rapid rises. Many crypto currencies in 2021 ATHhe reached‘ But XRP the situation for him was very different.

From a long-term perspective, Bitcoin, Ethereum, Cardano, and more have re-set all-time highs. But XRP for the 2017 summit is still standing.

Popular altcoins Ripple (XRP) failed to recapture its former performance after the SEC lawsuit. However, it is important to note that the price of XRP will still depend on several external factors. To you in this article, XRP we will outline the bullish parameters that could trigger the rally.

Will XRP Return to the Top 3 Again?

As of the moment the content was written, XRP, with a market capitalization of $52 billion, 7. is ranked. XRP has been replaced with a market value of $ 82 billion Binance Coin took.

XRP, which reached $ 82 billion on the charts, could rise to $ 1.75 levels with an increase of about 60%. According to the market structure, this goal can be extremely feasible.

If we consider the 1-Day chart, then XRP, which has consolidated strongly over the past month. At the time of preparation of the content, a pronounced symmetrical triangle was formed, while the potential for breaking and recovering towards the sudden resistance of 1.40-1.50 dollars is quite high.

A confirmation can be obtained from the fact that lower trading volumes are covered by falling prices, which means that any increase in trading volumes will automatically trigger a decrease.

On the other hand Ripple (XRP) price it may not be limited to $ 1.40 or $ 1.50. So much so that the asset seems to have the potential to reach the 2017 ATH level by the end of December and continue its rally next year.

In addition, the monthly chart for XRP seems to be structurally targeting a large level of $10 october the chart, given that the break-in in the desired direction has occurred.

Coinbase and SEC!

SEC, began increasing pressure on Ripple late last year and filed a lawsuit against the company and its two executives in December 2020. The value of XRP experienced a sharp decline during this period, followed by Coinbase On January 19, it announced the removal of the popular cryptocurrency XRP from the list.

It’s been 10 months since the case was filed and so far Ripple he has not yet been found guilty.

XRP and Ripplwith the positive developments gradually surrounding e, part of the community believes that it is only a matter of time before XRP will be re-listed on Coinbase.

Both of these narratives are developments that can directly affect the valuation of XRP. Therefore, these developments may move the Ripple price back to its previous level.

Regardless of our narratives, XRP for it is important to understand that such possible price increases may not come in weeks, but in the next few months and quarters.

The information contained in this article absolutely does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and they should conduct their transactions in accordance with their own research.

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