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Ripple (XRP) Analyst Says Technicals Show a 900% Increase on the Cards

1 min
By Philip Neubrandt
Translated David Thomas
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In Brief

  • XRP has increased significantly since Ripple Labs partially won a lawsuit against the US Securities and Exchange Commission this year.
  • Its price increased 95% after the court win, but one expert thinks the price could increase by 900% if a 2017 scenario repeats itself.
  • XRP hasn't had a good November, but the expert is optimistic it could rise to $2.40 by the end of the month and notch a 400% increase.
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The price of Ripple Labs’s native XRP token rose significantly following the company’s victory over the US Securities and Exchange Commission (SEC). It is possible that the XRP price will move beyond the 95% rise it has seen since the court win to end November at $2.40.

The recent ascent of Ripple (XRP) can be attributed to two primary factors: a general market recovery and a noteworthy legal victory against the SEC. Investor sentiment has grown increasingly positive since a US judge partially dismissed the SEC’s lawsuit that XRP was a security.

Ripple Goes to The Moon?

Crypto expert Tony “The Bull” revealed in a post on X (formerly Twitter) a bullish technical pattern last seen in 2017. Should this pattern reoccur, markets could see XRP increase by 900% to beyond its all-time high of $3.40.

XRP Japanese Candle
XRP Japanese Candle | Source: Tony “The Bull”

Read more: A Guide to Bullish Candlestick Patterns in Technical Analysis

XRP Performance in November

At press time, the price of XRP was $0.633 and had declined 4.7% in the previous 24 hours. So far, the asset has not performed as well as its competitors in November. But, many investors continue to trust the future of the project.

XRP: Everything You Need to Know About Ripple Labs’ Currency. Source: YouTube

Tony “The Bull” is also optimistic, and believes that XRP could increase to $2.40 by the end of November. He considers this price a considerable milestone for the asset.

Read more: How To Buy XRP and Everything You Need To Know

Do you have something to say about the Ripple (XRP) price at the end of November, or anything else? Please write to us or join the discussion on our Telegram channel. You can also catch us on TikTokFacebook, or X (Twitter).

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David Thomas
David Thomas graduated from the University of Kwa-Zulu Natal in Durban, South Africa, with an Honors degree in electronic engineering. He worked as an engineer for eight years, developing software for industrial processes at South African automation specialist Autotronix (Pty) Ltd., mining control systems for AngloGold Ashanti, and consumer products at Inhep Digital Security, a domestic security company wholly owned by Swedish conglomerate Assa Abloy. He has experience writing software in C,...