IPO, Relisting, and Settlements Tops Factors Propelling XRP Price I Tokenhell

Popular cryptocurrency analysts have recently commented on the trending XRP activities, linking the development to IPO, Relisting, and Settlements factors. The “Crypto Assets Guy,” a famous Twitter cryptocurrency analyst, has recently listed the possible triggers believed to cause a major surge in the price of XRP.

Through his handle, the influencer predicted that these triggers would make the price hit between $3.5 to $10. He said a possible settlement announcement would shoot the price of XRP to the $3.50 price mark. A possibility of a relisting by the United States exchanges could also push the coin’s price to $5.

Crypto Assets Guy seems optimistic about Ripple’s Initial Public Offering (IPO), warning that it can also have the capacity to move the price of XRP to $7. At the same time, a potential partnership with financial institutions like banks can make it surge up to $10.

The analyst was heard in a video he made on his Twitter page, with the same official handle, encouraging the XRP community to remain optimistic, stating that most major price growth is often accompanied by regulatory clarity and market maturity – an advise that was received with mixed optimism by the XRP community.

Another famous Twitter cryptocurrency analyst and XRP enthusiast, called ‘Crypto Ninja,” has said that the price of the XRP target could be conservative. While addressing his followers in one of his lastest posts, Crypto Ninja noted that the XRP and the entire cryptocurrency have the propensity for massive growth.

More XRP Analysts Speaks On The Possible Price Increase

Similar to an analysis by Crypto Assets Guy and Crypto Ninja, another cryptocurrency influencer, with the handle “Derrick Purcell:” a cryptocurrency YouTuber, in his latest video, predicted a $10 price mark as a conservative price level for XRP. He also assured it might go as high as $25 when the bullish trend arrives.

Purcell referenced past settlement announcements, which later propelled a temporary increase in the price of XRP, causing it to surge to $0.87 before dipping $0.65. Meanwhile, XRP’s market analysis shows that the latest XRP price is $0.46806976 as of press time, with a slight decrease of -1.75%.

The coin traded at a $0.46205807 low in the last 24 hours, leaving a market capitalization of $24.46 billion. XRP still has 100 billion coins in circulation. Data from altFINS data that a pullback may likely happen at the $0.45 support level, introducing a new support level of $0.55.

Analysis by U.Today has shown that the price of XRP is in the middle stage. Thus, altcoins need to accumulate more energy to take the next step. In the data, traders may experience more decline in the price if the bar closes up anywhere around $0.47 or lower, the data showed.

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