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Breaking News: Binance Founder Suggests President Trump Could Be Satoshi Nakamoto In Latest Statement

XRP Price Teleport To $6: What Happens When The Euphoric Phase Begin

Scott Matherson
Scott Matherson
2 days ago
2 mins read
XRP Price Rebound Faces Wall

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The recent market recovery has seen the XRP price look to break the $2.5 level again, which could lead to a continuation of the uptrend. While all eyes remain on the $3 level to be reclaimed right now, bullish expectations abound for the altcoin. The XRP price, despite suffering recent crashes, is expected to reach new all-time highs, beating the $3.8 peak that has been persistent for over seven years now.

What Happens If The XRP Price Regains Momentum

Pseudonymous crypto analyst, “Guy on the Earth”, has shared an analysis of the XRP price that shows the possibilities that lie ahead for the cryptocurrency. So far, the altcoin has continued to consolidate after its rally back in 2024. With almost a year stuck in a consolidation trend and the market picking up, it is possible that the XRP price is finally ready for a breakout.

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Pundit Outlines The Possibility Of The XRP Price Getting To $1,000

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One thing that stands out from here is the fact that the XRP price has continued to maintain higher lows through the consolidation trend. This suggests that while the direction may have been down, the overall sentiment still pointed to possible recovery and upside.

Given this, it is expected that the breakout from the consolidation phase would be massive. This could be akin to what was experienced back in November 2024, when the XRP price rallied by over 600% before reaching a top.

The analyst expects XRP to enter into what is essentially a “euphoric phase,” and the price is expected to reach $6. This would translate to an over 100% increase in price, and brand new all-time highs for the first time since 2018.

XRP Price
Source: X

The Bears Are Still Lurking

While most indicators are still pointing toward bullishness, there is still the possibility that bears reclaim control once again. The main problem would arise if the XRP price were to fall below $2, setting the tone for the next wave of declines.

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The crypto analyst highlights that a decline below $2 would mean that the bull rally is over and the bear market is looming into view. In the worst-case scenario, the XRP price would fall into a longer consolidation trend, pushing it as low as $1.

Presently, it is important for the XRP price to clear $3 with momentum, putting the bulls in charge. Also, if the Bitcoin price continues to rise, then it could take the whole market into another bull run.

XRP price chart from Tradingview.com
Price pushes back against bears | Source: XRPUSDT on Tradingview.com
Featured image from Dall.E, chart from TradingView.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Read more

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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