Analyst Reveals What Will Trigger The Largest XRP Price Rally In History
Excitement is growing in the crypto community as analysts predict an explosive move for the XRP price in the coming weeks. With signs of progress emerging from the US regarding the government shutdown, analysts are closely watching to see if political developments could be the spark that elevates XRP from its recent downturn and pushes it to new price levels.
US Government Reopening To Trigger XRP Price Rally
Levi Rietveld, a well-known crypto analyst on X social media, stated in a post on November 8 that he expects the largest XRP rally in history to occur once the US government shutdown comes to an end. His prediction has garnered significant attention and triggered discussions across the crypto community, as XRP investors start to connect the impact of political stability with digital asset performance.
Market analyst, Steph Crypto, also shares the same view. In an X post on November 9, he pointed out that US President Donald Trump has been urging both the Democratic and Republican parties to reach a deal to end the shutdown. The analyst forecasts that once the government reopens, XRP and other cryptocurrencies are likely to experience a significant breakout.
Steph is Crypto also reminded XRP holders and community members that when the last government shutdown ended in 2019, the XRP price rose by more than 70%. He further hinted that history could repeat itself in this bull cycle under similar political conditions.
New reports show that several Senate Democrats have joined Republicans to move forward with a bipartisan plan to open the government after 40 days of closure. This is the first real progress seen in weeks, signaling a potential end to the prolonged stalemate. However, the proposal still needs to pass the House before any official reopening can occur.
For now, traders remain on edge, closely watching how developments in Washington will play out. The uncertainty surrounding the shutdown has already begun weighing down on the crypto market, with investors bracing for volatility across XRP, Bitcoin, and other cryptocurrencies. The longer the government shutdown lasts, the more pressure could build on risk assets.
XRP Targets $10 On Bull Flag Formation
On the technical side, crypto analyst Ali Martinez has noted that the XRP price could be gearing up for a parabolic surge to uncharted territories soon. He shared a detailed chart that shows the cryptocurrency forming a potential Bull Flag pattern on the monthly timeframe.
Martinez explained that if this pattern plays out completely, XRP could initially decline by about 22.45% to $1.90 before starting a major rally all the way up to $10. Currently, the cryptocurrency is trading at $2.45, meaning a surge to this double-digit level would represent a significant 308% increase. The analyst’s chart shows a clear resistance near $3.5, which, if broken, could open the door for the XRP price’s projected explosive move upward.
Featured image from Dall.E, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
