Veteran market analyst Peter Brandt issued expectations at the end of the XRP, indicating that assets may be struggled to keep their momentum despite recent gains.
On April 18, Brandt participated in his updated analysis on X (formerly Twitter), where two possible scenarios were shown to achieve the market value of XRP by the end of the year.
XRP warning to the last increase
The first scenario puts the maximum XRP market by about $ 116.67 billion, while the second offers a quieter look more than $ 60 billion.
Basically, both numbers have a decrease in the current XRP rating of approximately $ 2.09 per code of $ 121 billion market.
Brandt’s analysis depends on a technical style previously identified on the XRP price scheme.
According to him, the composition is similar to the preparation of the classic head and shoulder-a pattern often indicates the reflection of the direction. If this is run, XRP may decrease to $ 1.07.
he Add Next, this step of less than $ 1.90 would confirm the pattern and may lead to an acute correction of more than 50 %. However, a break higher than $ 3 can nullify the hybrid view.
“XRP creates the H&G textbook style. So, we are now binding. Higher than 3.000 I don’t want to be short. Less than 1.9 I don’t want to own it. Make up.
These cautious expectations follow a noticeable increase in the XRP price since late 2024.
After Donald Trump returned to the White House, the distinctive symbol increased more than 300 %, reaching $ 3.28 before returning to his current level.
This price performance has led to many investors to believe that the Trump administration’s friendly position towards digital assets can help the original to continue its gathering.
One of the main stimuli was the decision of the Securities and Stock Exchange Committee (SEC) to drop several lawsuits against encryption companies, including Ripple.
This shift reduced organizational uncertainty and raised a renewed interest in XRP, and reached its peak in the release of the traded boxes on the stock exchange (ETFS) that focuses on the product.
In addition to the momentum, its RippleCoin launched its RLUSD, aimed at taking advantage of a growing segment of the digital asset market.
However, Brandt warning indicates that the last XRP gathering may not be sustainable if the declining pressure is intensified.
Tamulization does not rush to the public subscription despite the direction of industry
Amid new interest in the performance of XRP, CEO of Ripple Brad Garlinghouse dealt with increasing speculation about the company that is presented to the public.
In a joint conversation on X, Garinghouse explained that Ripple is not planning to submit a request for subscription public subscription in 2025.
He stressed that the company is not actively seeking to obtain external financing because it is still financially stable and gives priority to developing products and expanding business.
“Will we be the public subscription in 2025? I think this is no, no, we have said that there are no imminent advertising plans,” Garlinghyus said.
Although the company does not move forward with the public subscription this year, Garlinghouse did not completely close the door.
He pointed out that Ripple evaluates whether to go to the audience will benefit the long -term work. However, such a step is not a current priority.
“You have to ask yourself, well, how do Ripple benefit from being a public company? Is it a high priority for us?” he He said.
Moreover, Garinghouse also hinted that the organizational scene – especially under new leadership in SEC – may affect future Ripple decisions.
His comments come in many encryption companies, including KAKEN and Ciecle, according to what was reported are preparing for subscriptions. Currently, though, Ripple seems comfortable in staying special until the conditions become more convenient.
Disintegration
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