XRP is going crazy, record after record: Is the prophecy coming true?

XRP, which has recorded a rise of over 30% in the last 24 hours, surpassed USDT to become the third most valuable cryptocurrency.

XRP has continued its rally since the US presidential elections on November 6. The shift in political climate in the US towards being crypto-friendly has provided a lifeline to the cryptocurrency market, especially XRP. The plans of the 47th US President, Donald Trump, regarding Bitcoin, and the resignation of SEC Chairman Gary Gensler have formed the basis for the rise of XRP.

It has been speculated that XRP, which has escaped SEC pressure, will be made available to institutional investors through spot ETFs and will be used as a global payment tool. Speculations have pushed the price of XRP to $2.4.

The popular altcoin has recorded an increase of over 370% in the last month. XRP, which rose by 30% in the last 24 hours, surpassed USDT by reaching a market value of 137 billion dollars.

Investors have started claiming that the Simpsons' 589 dollar prophecy will come true.

XRP unstoppable

XRP, which traded at 1.8 dollars in the past days, started the first trading day of the week at 2.4 dollars. This rise has set new targets for XRP.

Crypto analyst Michael van de Poppe used the following expressions in his post on X.

XRP's breaking the 2 dollar mark shows a lot of things.

"If an old cryptocurrency like XRP can make a 300% move in three weeks, imagine what newer cryptocurrencies can do. I remind you that the bull cycle has truly just begun."

The fact that $XRP just broke $2 shows many things.

If an older coin like $XRP can do a 300% move in three weeks, imagine what newer coins can do.

I remind you on the fact that the bull cycle has literally only begun.

• Michaël van de Poppe (@CryptoMichNL) December 1, 2024

The first target in front of XRP will be $2.45, which is the peak of December 25, 2017. If the popular altcoin surpasses this level, it will test $2.8. If the $2.8, which is the highest level since January 8, 2018, is surpassed, XRP will set its sights on the all-time high of $3.4. XRP last reached the $3.4 level 7 years ago.

The rise in XRP has excited investors. XRP, creating a great FOMO (fear of missing out), records a daily average trading volume of between 30 and 35 billion dollars. XRP investors believe that the all-time high will be seen by the end of the year.

According to investors, the long-term price target will be $589, which is the prophecy of The Simpsons. As known, in one episode of The Simpsons, the words 'XRP 589 eoy' were written on the board. Although this scene is considered 'fake', it has become a legend in the crypto community.

This article does not contain investment advice or recommendation. Every investment and trading transaction carries risk and readers should conduct their own research when making decisions.