With some signs pointing towards the end of the US Securities and Exchange Commission (SEC) and Ripple Labs lawsuit, Tom Busby, a cryptocurrency trader, says that XRP signals a potential price crash to $10.
Trader: Coinbase to relist XRP
Cryptocoin. com, Coinbase has previously announced that Coinbase has suspended XRP trading. Due to a technical issue, XRP was temporarily visible on the Coinbase Pro mobile app for some customers, but trades could not be made. This, Busby suggests, is a hint that Coinbase is in the process of relisting XRP soon. Trader used the following statements:
People are relisting XRP and companies are relisting XRP, I think this will push the price of XRP up. I think all signs and paths point to XRP relisting.
As a result of the Ripple lawsuit, XRP was delisted from many exchanges
From a price point of view, the price of XRP fell to a 3-year low as the lawsuit emerged and dozens of platforms subsequently delisted the altcoin. According to the trader, although everyone is calling this the end of the road for the altcoin, the coin has risen to a new high of the last three years as the process progresses. Thus, he would prove that those who made desperate comments for the coin were wrong.
Now, speculation is high that the case will be settled and according to the trader, the second leg of the bull run has begun. Busby says he believes XRP will easily break past the $3.83 all-time high (ATH) and looks set to record new highs.
The level to watch out for in the 2022 bull cycle: $10
The target for the end of 2021 is seen as $4 to $5, especially if the market sees a padolescence for Bitcoin. After that, Busby says a $10 level is a possible level to watch out for in the next 2022 bull cycle.
Also, the total number of XRP active addresses has increased sharply over the past few days. The cryptocurrency trader points out that after the spike in unique addresses, a price spike usually comes in the medium term.