Crypto Analyst Crypto Beast has made a bold price prediction for XRP, believing the asset is yet to reach its peak and may rise to $8.
Technical Analysis and Projections
Crypto Beast presented an analysis of the long-term XRP/USD chart, highlighting two significant symmetrical triangle formations. The first formed from 2014 to 2017, and the second from 2018 to 2024. The first triangular formation preceded XRP's rise to over $3.00, and the current breakout could repeat that scenario.
> XRP top is NOT in yet > My minimum target is $8 > The SEC ruled that it’s not a security and I don’t think the market fully priced that in yet. [$XRP] holders are about to make ALOT of money. > When it’s time to sell, I will announce it here publicly. > You’ll regret not following me. — Crypto Beast (@cryptobeastreal)
The Importance of Regulatory Clarity
Crypto Beast emphasized the significance of regulatory clarity confirming that XRP is not a security. This 2023 ruling removed a considerable uncertainty that previously weighed on investors. The analyst believes that the market has not fully recognized this fact, giving XRP an edge over competitors still caught in legal ambiguity.
Community Sentiment Surrounding XRP
Among the XRP community, there is a strong sentiment that the asset has been under pressure due to legal disputes for years. With much of that pressure easing, many investors are betting on a significant momentum shift. Crypto Beast maintains a bullish outlook, stressing that current conditions create excellent prospects for XRP's growth.
Crypto Beast's forecast highlights optimism within the XRP community. With technical data aligning, legal uncertainties resolved, and market sentiment improving, XRP may enter a new phase of its lifecycle. However, as always, market conditions can change quickly.
