According to EGRAG Crypto, a prominent analyst who has been sharing insights on the Average Sentiment Oscillator (ASO) chart since 2022, historical data indicates that XRP’s cycle top typically occurs around 275 to 273 days after a bullish cross. With approximately 152 days having passed since the 274-day mark, the analyst suggests that the cycle top might occur around July 1st, 2024, based on the ASO data.
However, EGRAG Crypto also admits that this cycle might deviate from the typical pattern, warning that missing the previously mentioned timeframe could be a clear sign that “THIS TIME IS DIFFERENT.”
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Unprecedented Altseason and Potential 50-100x Gains for XRP Holders
Crypto Barbie, another prominent figure in the XRP community, expresses confidence that the market is on the verge of entering the “greatest altseason in history.” She believes that XRP holders, in particular, could see returns of 50 to 100 times their investment during the upcoming bull run.
Several factors contribute to this optimistic outlook, including the anticipated final agreement with the SEC, the potential introduction of an XRP ETF, and the development of a gold-backed blockchain currency by the BRICS countries. Crypto Barbie suggests that these events have either already occurred or are expected to unfold in the coming weeks and months, setting the stage for a significant surge in XRP’s value.
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Show more +SEC Seeks Nearly $2 Billion Fine Against Ripple Labs
Despite the bullish sentiment surrounding XRP, the SEC has asked a New York judge to impose a substantial fine against Ripple Labs. According to court filings, the SEC is seeking a total of $1.95 billion, which includes $876 million in disgorgement, $198 million in prejudgment interest, and an additional $876 million civil penalty.
Ripple Labs’ chief legal officer, Stuart Alderoty, recently announced on social media that the public would receive redacted versions of the court documents by March 26.
As the resolution of the SEC case against Ripple Labs draws near, the cryptocurrency community is closely monitoring the potential impact on XRP’s price. Despite the looming threat of a significant fine, many analysts and investors remain optimistic about XRP’s future, with some predicting unprecedented gains during the upcoming altseason.
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