On December 20, 2020, Ripple 
$1 faced an SEC lawsuit that it perhaps did not expect to last this long or expand so widely. The lawsuit centered around XRP, which was experiencing great days at the time, and everything changed from that moment. The altcoin saw incredible drops in price during the process, falling below $1 and staying in that region for a long time. Since then, it has only surpassed $1 once, and there is curiosity about when it might return to this level. In this context, analysts seem to maintain their bullish expectations.
Analysts’ Comments on XRP
Analyst comments in cryptocurrencies hold an important place for obtaining different perspectives. In this context, it was observed that three different analysts had bullish expectations for XRP despite the recent volatile price movements.
First, the optimistic comments of EGRAG CRYPTO, known for his positive remarks on XRP, drew all the attention.
The analyst’s statement was as follows:
#XRP 540 Days Since March 13, 2023!
If you are shaken by these small moves, you don’t deserve the BIG MEGA RALLY coming!
#XRPArmy STAY ALERT
Secondly, another market analyst, Crypto Michael, pointed out a level that needs to be broken for XRP and emphasized that a sharp rise could occur if this level is breached.
XRP should experience a sharp rise when it breaks $0.55.
Lastly, the comment from Amonyx, closely followed on X, also created excitement among investors with his bullish expectation. Amonyx emphasized that when it comes to XRP, patience is more important than the size of the investment.
What matters in XRP is not how much you invest, but how patient you are.
How Much Is 1 XRP Now?
While market analysts emphasize patience and a bullish outlook for XRP, the indicators do not seem to reflect this for now. Despite the relatively low rise in BTC price, XRP showed a neutral appearance.
XRP is trading at $0.5292 after a 0.12% rise in the last 24 hours. This price emerged after a 5.36% drop in the last 7 days. The altcoin’s market cap exceeded $29.8 billion, while its trading volume fell to $491 million, indicating a decline in interest.
