XRP: liquidation over, 250% bull run at risk?

XRP is entering a good period

As the market returns to an uptrend, the price of XRP has apparently followed suit. At the time of writing, the token is dangerously falling back to around $0.50, as are all of its competitors. Experts expect a general recovery, but will Ripple’s assets do the same?

It is well known: XRP is often criticized for its lack of evolution. In fact, its price has not changed much in recent years. A phenomenon that can be attributed mainly to Ripple’s planned sales. It releases around a billion dollars of tokens per month, which it resells or replenishes to free up liquidity.

According to Finbold, the company has completed the final May liquidations, which means that XRP likely has room to rise until next June 1st. It should thus benefit from the rebound effect of the new Bitcoin ATH expected by next Sunday!

More interestingly, a recent ESMA report shows that the altcoin has accumulated more trading volumes in 2023 than SOL or BNB. Thus, the public is present despite the course leaving something to be desired, which is an encouraging element for the rest of the operations.

The best is yet to come… on one condition

With the return of good weather, experts are bullish on XRP, even going so far as to say it would hit $1 faster than expected. A bet also made by analyst Dark Defender, who predicts an immediate rally of 250% to reach $1.88. Before that, the token should rise above $0.60 without much effort.

However, certain conditions apply to this. Obviously, Ethereum ETFs need to be approved to support the entire market. Conversely, predictions cancel each other out. Likewise, in the event of a twist in the dispute between Ripple and the SEC, we can expect as much downside as upside.

Moral of the story: at Ripple, self-sacrifice is a condition for growth.