As XRP continues to steadfastly hold as the third-largest cryptocurrency based on market cap, the leading altcoin might be experiencing the calm before the storm.
Calling out this development, market analyst Mikybull Crypto acknowledged that XRP was building up momentum that could see it smash its all-time high (ATH) of $3.40 and soar to the $7 level.
Source: Mikybull CryptoThe analyst added, “XRP might rip through to $8 before a cycle top, given the current bullish fundamentals. This is the period you manage your risk, by the way, as it is on resistance.”
Source: Mikybull CryptoWill Ripple’s XRP Continue Seeing Light at the End of the Tunnel?
Having stagnated at the seventh position for the better part of three years, XRP has found its footing, thanks to the pro-crypto policies expected to be rolled out in Donald Trump’s administration.
As a result, discussions about XRP being included in the US Strategic Reserve are in high gear, thanks to the executive order recently made by President Trump.
Affirming this development, Ripple CEO recently took to X, formerly Twitter, and pointed out, “Unless you are choosing to ignore the core tenants of the POTUS campaign (which aggressively supports American companies and technologies), our efforts are actually increasing the likelihood of a crypto strategic reserve (which includes Bitcoin) happening.”
Meanwhile, renowned crypto lawyer Bill Morgan recently opined that if President Trump had the liberty of launching TrumpCoin (TRUMP ($21.41)) without the rigorous registration from the United States Securities and Exchange Commission (SEC), then XRP ought to be treated in a similar manner.
On the other hand, XRP continues to enjoy bullish momentum, having recorded a year-to-date increase of 483.5%, according to CoinGecko data.
