The key is whether XRP breaks through the $0.60 resistance… Market expectations remain the same
[뉴욕=박재형 특파원]
While most stocks, including Bitcoin, are benefiting from the rally following the U.S. presidential election, XRP continues to stagnate below $0.60 and is not showing a clear upward trend.
According to CoinMarketCap data on the 11th (local time), Dogecoin (DOGE) surpassed $0.32 and overtook XRP in terms of market capitalization.
XRP has been stuck below $0.60 for several years, and breaking $1 remains an important goal. Therefore, there is a lot of interest in whether XRP can achieve this important level in this market upcycle.
For this purpose, Finbold used OpenAI’s ChatGPT-4o to evaluate the possibility of XRP breaking through $1. The AI tool analyzed that if XRP successfully breaks the $0.60 resistance and maintains the price above this level, it could have a chance to challenge $1 with a target of $0.80.
He added that it is still likely that the regulatory legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) will have a significant impact on the price of XRP. Recent litigation developments provide hopeful signs that the likelihood of XRP being classified as a security has diminished.
Source: TradingViewMeanwhile, cryptocurrency trader ‘Crypto Crusaders’ mentioned on X (formerly Twitter) that there is a possibility that XRP will exceed $1.
According to him, XRP is approaching a major breakout point at the end of a multi-year descending triangle pattern, and the monthly relative strength index (RSI) is also currently reaching the 50.20 resistance line after hitting its lowest point since 2018.
If this resistance line is broken, XRP’s bullish momentum will resume, possibly signaling the end of a long correction phase. Crypto Crusaders predicted that the optimistic target for XRP could reach $2.
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