The XRP price track remains a pivotal point for investors, as analyst Zach Humphrez explores the possibility of achieving great gains in February.
It is suggested that a potential prices of 50-60 % can raise XRP to the level of $ 5 affected by different important factors. These factors include organizational changes, XRP ETF speculations, and positive technical trends. Moreover, the broader trends in the encryption market and Bitcoin performance may affect the movement of XRP.
Analyst Zach Humphrez highlights that total economic elements and organizational changes greatly affect XRP fluctuations.
The latest Federal Reserve’s comments, Jerome Powell, had a neutral impact on interest rates, a position that the market has experienced positively. At the same time, the rumors of XRP ETF and the potential SEC leadership transformations create a feeling of optimism.
Crypto is expected to benefit more under the leadership of a new SEC led by Paul Atkins. This may lead to important developments on the issue against Ripple and possible Approval of XRP ETF. According to JP Morgan analysts, ETF XRP may attract $ 8 billion of flows, which will significantly increase the value of the original.
XRP price expectations
According to Humphries, for XRP to reach $ 5, the price will need to rise by about 60 %. This step will bring the maximum market to about $ 288 billion. If the bullish momentum continues, the 50-60 % pump may be during February.
The performance of the market in January showed that XRP surpasses Bitcoin and Ethereum, which enhances its momentum. A possible potential effect of Bitcoin’s gains can increase and support the benefit of XRP Prices growth.
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Technical indicators XRP and upscale patterns
Zach Humphries refers to technical analysis, indicating that XRP is preparing for a strong upward movement. It is a budget pattern on the daily chart, characterized by a long vertical and similar triangle, which historically indicates the outbreak. If Bitcoin reaches its highest new levels ever, XRP may follow its example, which increases its price to the top.
After February, Humphrez and other analysts indicate that XRP can reach $ 10 to $ 12 in the broader bull cycle. A combination of SEC, institutional interests, and market morale can pay continuous gains.
While XRP worth $ 5 in February is still speculative, factors such as organizational clarity, ETF approval, and Bitcoin performance It is likely to determine its course.
Also read: The Trump Mimi currency can be ready for another crowd as the main indicator turns
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