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"XRP can make you rich"
Cryptocurrency analyst Oscar Ramos made statements that will excite XRP investors.
XRP, which dazzled with its performance in November, has started to weaken in recent days. Increased selling pressure caused XRP to lose nearly 20% of its value. The popular altcoin especially worried investors with a 10% drop on December 20. Despite the climate of fear, crypto analysts believe that XRP will continue to rise.
Crypto analyst Ramos said XRP holders could become rich. The expert commentator referred to a catalyst that will enable XRP to rise again.
XRP rally paused
XRP recorded a 283% increase after Donald Trump won the US presidential election on November 5. The altcoin achieved its highest monthly closing in the last seven years but showed weak performance in December.
According to TheCryptoBasic's news, XRP continued its potential rally until December. The popular altcoin reached its highest level in seven years, $2.9, on December 5th. The altcoin, affected by the declines under the name of correction, consolidated around $2.
Can XRP continue to rise?
Market analyst Ramos thinks the consolidation phase in XRP is temporary and believes the price will continue to rise. According to Ramos, XRP holders will become rich.
Ramos sees the current decline as an opportunity to accumulate more coins before the next potential breakout. In a video sharing, Ramos reminded that market activities were slow during the Christmas season. Ramos, who suggests investors to take advantage of these opportunities, claimed that price volatility would soon begin.
Ramos believes that for XRP to realize its potential rally, it needs to open up to institutions in the US. According to market experts, the launch of spot ETFs will positively impact the price of XRP. Ramos also predicts that the RLUSD stablecoin will contribute to the rise of XRP.
This article does not contain investment advice or recommendations. Every investment and trading activity involves risks, and readers should conduct their own research when making decisions.