Ripple is waiting for the long-dominant downtrend to be broken: Can XRP Reach $1?

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Ripple (XRP) has struggled with ongoing legal issues, regulatory uncertainty, and lagging price movements over a long period. However, after a series of legal victories, Ripple now appears to be positioning itself to leave these struggles behind and return to the good old days.

To leading crypto analyst DustyBC according to, XRP is on the verge of a major technical breakout, which could trigger a rally. After moving in a long downtrend since 2018, Ripple is now gaining solid support from this resistance point.

A clear breakout of this 6.5-year descending channel could confirm that the bulls have regained control and the momentum has shifted in XRP’s favor. This positive sentiment sets the stage for prices to continue rising and does not appear to prevent historical constraints from limiting gains for years.

Can Ripple Reach $1?

Repeated gains in Ripple’s ongoing litigation with the SEC appear to support this technical progress, which is in line with rapidly improving fundamentals. Recently, it has been observed that the case is progressing in Ripple’s favor, and it is predicted that the regulatory uncertainties that have affected XRP for years may soon be completely eliminated.

Crypto researchers Changelly, altcoinIt suggests that it could surpass a significant $1 price point within the next 12 months. Compared to current values, this would require an increase of approximately 43%, which is significantly higher than current values ​​of around $0.69. However, given that XRP was trading above this level towards the end of 2021, it is considered possible to regain these highs with legal clarity.

Of course, all crypto- As with forecasts, predicting exact time frames or price levels remains highly speculative. But between technical breakouts and fundamental factors, the stage appears to be setting for XRP to regain the highs it has been targeting for years while its legal status was unclear.

The price of XRP has increased in the last 24 hours. According to CoinGecko data, XRP is up almost 15% during this time. This increase can be considered an important indicator that shows the mobility of XRP in the market and the interest of investors in this cryptocurrency.


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