Jakarta, Pintu News – Ripple , one of the most popular cryptocurrencies in the crypto world, is back in the spotlight after analysts predicted a tremendous potential price increase.
With the combination of political sentiment from President Donald Trump’s policies and the technical strength built into the price chart, XRP is poised to set a new record.
Currently, the price of XRP is around $2.17 or around 36,302 IDR, but analysts are optimistic that this coin could jump up to $99 or the equivalent of 1.6 million IDR. Is this the beginning of the biggest surge in cryptocurrency history?
According to Coingape, US President-elect Donald Trump’s planned reciprocal tariffs policy was one of the main triggers for the surge in sentiment towards XRP.
The policy imposes a 25% tariff on imported automobiles and other products from allied countries, which could trigger major changes in the cross-border payment system. Under these circumstances, Ripple’s blockchain technology, which powers XRP, has the potential to become a global solution for efficient international transactions.
Ripple’s excellence in providing cross-border payment services makes XRP a strong candidate as an alternative to the traditional financial system. Moreover, Ripple’s victory in the legal case against the SEC gives the market confidence in XRP’s legitimacy.
With the incorporation of RLUSD in Ripple’s payment system, confidence in the ecosystem has increased. The combination of technological stability and geopolitical factors makes XRP highly regarded by crypto market participants.
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On a technical chart, XRP shows an “inverted head and shoulder” pattern, which usually indicates a trend reversal toward significant gains.
Analysts noted that daily trading volume reached $3.97 billion (66.3 trillion IDR), indicating great interest from market participants. The MACD indicator and 14/26-day EMA also show an uptrend, reinforcing the bullish projection. If XRP is able to break the resistance at $2.33 (38,958 IDR), then the road to higher targets will be open.
Furthermore, analyst Javon Marks said XRP has just broken out of a large pennant pattern and is heading towards an initial target of $3.31 (55,327 IDR). If this resistance is successfully surpassed, XRP is expected to head towards its next incredible target of $99, which reflects a potential upside of 44 times.
Meanwhile, other analysts such as CasiTrades stated that a breakout above $2.36 (39,499 IDR) would signal a new uptrend. However, if it fails to break $2.17 and $2.25 (37,120 IDR), a potential correction to IDR33,760 could occur.
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Although the bullish opportunity is huge, the cryptocurrency market is always fraught with the risk of high volatility. According to Crypto Times, if XRP fails to maintain a position above the 36,302 support IDR, a drop to the 29,260 IDR level could occur quickly.
However, analysts remain optimistic as all technical indicators indicate increased buying pressure. With Bitcoin now at $87,000, the domino effect on altcoins such as XRP also has the potential to strengthen upward movement.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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