Chartist Egrag Crypto predicts XRP could reach $42 based on a historical breakout signal called the “White Circle” pattern.
Improved regulatory clarity for XRP and a joint request by Ripple and the SEC to lift institutional sales restrictions by August 15 could boost institutional involvement.
There is a 90% chance of U.S. approval for an XRP ETF, increasing investor optimism and hinting at mainstream financial integration for XRP.
XRP has shown resilience with modest 24-hour gains of 0.6% and rebounding from the $2.16 pivot level multiple times, indicating potential for a breakout attempt.
Crowd speculation on XRP's future includes targets of $11.50, $27, and $42, supported by technical analysis and historical market cycles.
More than 75% of XRP supply is held by long-term holders, and decreasing withdrawals from exchanges suggest heightened volatility ahead.
The news discusses the potential for XRP to make significant price moves, although certainty about reaching the predicted targets remains uncertain.