📈 Analysts expect XRP prices to reach double digits - what does this mean? Recreating the 2017 BTC peak

Experts are excited about the possibility of Ripple's cryptocurrency XRP reaching new highs. Recent trends suggest that if it can return to its 2017 peak compared to Bitcoin, it could reach $20. This optimistic prediction is based on the fact that alts have shown strong signs of recovery, bouncing back from a low of $1.28 earlier this week.

🆕Latest performance of XRP
XRP quickly rebounded from its low point, breaking through the key psychological levels of $1.3 and $1.4, and is currently seeking a stable position above $1.5. The current market rebound has led analysts to believe that the performance of this asset, which pumps, may outperform Bitcoin.
Crypto analyst CryptoBull is particularly outspoken about this potential, stating that if XRP can regain its peak value in BTC in 2017, its price could soar to $20.

Since reaching a historical high of $3.31 in January 2018, XRP has faced significant challenges in its competition with BTC. Over the past few months, the cryptocurrency has been consistently declining in value compared to BTC. However, new data shows that this month's surge in XRP against BTC has reached an astonishing 111%, indicating a potential breakthrough is imminent.

☀️resistance level has been broken
In order to keep XRP on its rise trajectory, it must overcome a significant resistance level. Analysts are closely following the price movement to break through the downtrend line that has been troubling XRP since July last year. If successful, this could herald further pump and confirm a bullish breakout at the end of this month.
Currently, the trading value of AltCoin to Bitcoin is about 0.00001544 BTC, still far below its historical high. However, CryptoBull still sees hope and believes that a Rebound similar to the early 2017 market could bring XRP back to double digits.

☀️XRP: Forecast and Market Sentiment
BTC is attempting to break through the $95,000 mark, while the cryptocurrency industry as a whole is also recovering. Analysts believe that if XRP can turn the important $2 resistance level into a support level, it may start to climb rapidly to $20.
In addition to these technological factors, regulatory optimism also plays a role in shaping market sentiment. The imminent resignation of Gary Gensler, Chairman of the U.S. Securities and Exchange Commission, may bring better regulatory conditions for cryptocurrencies such as XRP, further enhancing people's optimism about the prospects of Ripple.

The current trading price of XRP is about $1.47, which has pumped 7% in the past 24 hours. Many investors are closely following this altcoin because it is at a critical stage in the market journey, as analysts expect the bullish momentum to continue.
(tv-NewsBTC)