- Riples XRP’s course has now reached over $ 3.6, but is still behind the ATH from 2018.
- Even significant positive developments such as the approval of ETFs and increasing sales could not bring XRP beyond.
XRP has recently increased over $ 3.6 and has thus reached the highest level in over seven years. Despite this increase, XRP remains far below its all -time high of 2018, which was $ 3.84.
This persistent gap has triggered concern, especially among long -term investors, because the expectations of a stronger rally are still not met.
The crypto analyst icharted claims that recent course development does not reflect the bullish conditions around XRP. The analyst believes that the market has let the investors down and they are “ripped off” Sea Icharted’s explanation on TradingView have not led several important developments in favor of XRP to new price tips.
These developments include the choice of Donald Trump, who is considered the first crypto-friendly US president. Despite this political change and the positive market reaction after Trump’s election, XRP has not been able to exceed his previous ATH.
Analyst refers to false forecasts
The analyst also mentioned the impending conclusion of the legal dispute between Ripple and the US stock exchange supervisory authority SEC (United States Securities and Exchange Commission). The legal dispute, which was first initiated in 2020, was a focal point in the crypto area. Even if the case is about to be completed, the price increase of XRP has not yet obtained optimism.
In addition, Icharted also discussed the growing acceptance of Ripple in various areas, especially in payment transactions and in the real estate sector. The expansion of the business, including a head-to-head competition with Swift for cross-border payment processing, has contributed to greater awareness.
However, the current XRP course is below the highest level in 2018, which is a sign that the market hype does not win actual With investors led .
Another important observation of the analyst concerned a significant increase in sales last year. While this often signals a stronger market activity, the XRP course has not developed accordingly; And XRP has received ETF approval and the trade is going. Nevertheless, the price continues to move under previous highs.
Analyst warns: XRP could crash to two dollars in August
Icharted also mentioned that the US Congress adopted several cheap crypto laws this year. These developments have provided regulatory clarity and support for crypto companies that work in the country. However, the XRP price continues to stagnate and is unable to exceed the 2018 level.
Together with all of these points, the analyst warned that the current XRP price levels are misleading. Icharted said.
“The US Federal Reserve will soon start interest in interest. Bitcoin falls every time that happens.”
On this basis, the analyst predicts a possible crash to $ 2 from August.
Although XRP has reached a multi -year high, the inability to grow more in the middle of so many positive changes has triggered severe concerns among market observers. Investors could be forced to re -evaluate their expectations because the positive forecasts are regularly behind the reality of the market.
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