Summary
- Ripple (XRP) has recorded a surge due to the possibility of ending the legal dispute with the SEC and the resignation of Gary Gensler.
- Bitget evaluated that if Ripple secures regulatory clarity after the debut of the Trump administration, the possibility of a price surge is high.
- It is projected that Ripple could achieve over $5 in the first quarter of next year under a positive regulatory scenario.
After recording a tremendous surge last month, Ripple (XRP), which has recently shown a lull, is projected to reach $5 in the first quarter of next year.
On the 5th (local time), the global cryptocurrency exchange Bitget stated in a research report, "Ripple has recorded a tremendous surge due to the increased possibility of ending the legal dispute with the U.S. Securities and Exchange Commission (SEC) and the resignation of Gary Gensler. If a regulatory foundation is established after Trump's inauguration, even greater business growth can be achieved."
Despite Ripple recently hitting an all-time high of $2.9, it is also evaluated to have a high possibility of running towards a higher target.
Bitget predicted, "If Ripple secures regulatory clarity after the debut of the Trump administration, it is highly likely to record a significant price surge," adding, "In a bullish scenario with positive regulatory outcomes, it is also possible to surpass $5 as some predict."
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
