Crypto trader and analyst Scott Melker believes XRP still has potential for surprises in the market, contingent on factors beyond just momentum.
Regulatory clarity and legal wins have been significant catalysts for XRP's past rally, but maintaining upward momentum may require a fresh narrative to attract investor attention.
Ripple's legal battle with the SEC is ongoing, with a proposed settlement facing obstacles, potentially impacting XRP's future trajectory.
On the technical side, analyst Ted Pillow notes signs of potential continuation for XRP, with the asset clearing resistance and aiming for a certain price range if buying pressure persists.