Jakarta, Pintu News – Optimism about the future of Ripple (XRP) is growing after a popular analyst predicted that the price of XRP will soon set a new record high in the next few weeks. Through a post on the X platform (Twitter), the analyst with the pseudonym Pentoshi assessed that the current XRP price chart looks very bullish, both in USD and BTC pairings. This prediction also strengthens the enthusiasm of the crypto community amid the positive sentiment of the altcoin market.
Pentoshi, who is known for providing timely altcoin analysis, stated that XRP’s chart structure is very solid. According to him, XRP is likely to enter the “price discovery” phase in the next two weeks, which is the zone where the price breaks the previous high and moves in a new area. The analyst also called XRP “looking very strong even against BTC”, signaling the strength of a trend that is not only driven by general market sentiment, but also favorable technical performance.
However, Pentoshi warns that before the next big rise, XRP is likely to experience a consolidation or “breather” in the near future. This consolidation is common after a rally phase and is considered healthy to keep the market in balance before prices rise significantly again.
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In his analysis, Pentoshi highlighted several catalysts that could strengthen XRP’s price rise. One of the main factors is Ripple’s move to obtain a banking license, which could boost institutional confidence and expand the adoption of blockchain-based payment solutions. In addition, the potential passage of stablecoin regulations in a number of countries could also bring fresh air to the XRP ecosystem.
Positive news regarding regulatory developments and Ripple’s expansion plans into the banking sector are additional driving sentiments, which could attract new investor interest and strengthen XRP’s position as one of the top digital assets in the crypto market.
In addition to predictions for XRP, Pentoshi also observed a possible investment rotation from large-cap to mid-cap altcoins in the coming weeks. After large caps such as XRP and Ethereum (ETH) have performed well, many traders are now looking at mid caps that have a market capitalization of USD 1-10 billion for higher growth opportunities.
The chart structure of various mid-cap altcoins is considered attractive by analysts, which does not rule out the possibility of a wave of price increases in this segment. However, it is still recommended that investors conduct careful research and risk management before making investment decisions in highly volatile markets.
Predictions of a new all-time high for XRP from prominent analysts such as Pentoshi further strengthen bullish expectations in the crypto market, especially amid various positive catalysts from the regulatory and ecosystem development side. However, volatility remains high so every investor is urged to remain vigilant and prioritize risk management strategies.
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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
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