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The fifth-largest cryptocurrency by total market value, XRP, has experienced a 2% loss in the last 24 hours, dropping to $0.61 from its performance at $0.90. Despite being far from its $0.90 peak, analysts continue to make XRP-focused predictions at full speed.
Price Forecast for XRP
Alex Cobb, a well-known figure among XRP investors, made a statement targeting XRP investors. The famous analyst implied that the end has come, stating that they have been waiting for 6 years for this moment. Cobb emphasized that they have maximized their holdings in the past 6 years and drew attention to historical data.
According to Cobb, it is always observed that there is a final shake before the dormant giant awakens. Drawing a parallel between the current decline in XRP and this phenomenon, the famous analyst implied that the recent drop is actually the last shake before the peak.
Cobb also emphasized that people would be able to call XRP investors “lucky” when this rise comes, but he stated that this would not be accurate. XRP is described as a cryptocurrency that rewards “ruthless patience,” and Cobb, who made this description, shared a graph explaining why he thinks so.
In the graph he shared, Cobb pointed out a $10 price for XRP. The famous analyst expressed that investors’ ongoing patience will be rewarded and that the reward is close. XRP is currently unable to continue its course entirely due to the uncertainty in the SEC case. Despite the positive preliminary decision in the SEC case, XRP continues to remain uncertain due to the absence of a final judgment.
The Concerns About the XRP Lawsuit Are Not Over
Lawyer Jeremy Hogan stated that the SEC is still insisting that XRP is a security. This shows that the SEC will try every possible way. Hogan’s positive tweet and the implication that is worth waiting for 6 years are still dependent on the course of the SEC case. However, the SEC has suffered a major blow in the final decision, and the continuance of this blow can bring a significant surge to XRP. The first major target for XRP will be $1. Before reaching $1, surpassing the $0.91 mark that XRP has previously tested can make everything easier.
Hogan believes that better days are coming for XRP with all his being.
