The prices of Bitcoin and XRP have been spiking again, with both experiencing more than 10% and 35% growth, respectively, in the past 3 days.
Cryptocurrency expert George from CryptosRUs shared his insights on the explosive growth in the crypto market, particularly focusing on Bitcoin and XRP. The crypto market has witnessed a significant surge, with Bitcoin seeing a six-figure mark again yesterday and XRP breaking past the $3 threshold for the first time since 2018.
According to George, Bitcoin has been flirting with the $100,000 mark, touching six digits multiple times in recent trading sessions. The CryptosRUs host emphasized the importance of maintaining perspective during market dips, noting that those who followed his earlier advice to view dips as buying opportunities are now reaping the rewards.
His dollar-cost averaging (DCA) strategy has yielded impressive results, with his portfolio showing a 143% growth purely through consistent investment.
What you'll learn 👉
XRP Price Breaks Above $3
XRP’s surge above $3 marks a significant milestone, as explained by George. The cryptocurrency has faced regulatory hurdles for seven years, with SEC oversight preventing substantial growth. Even at its current price point, XRP hasn’t yet surpassed its 2018 all-time high of $3.30.
The CryptosRUs host points to several factors driving XRP’s current momentum, including increased whale activity and notable political interest, with one politician recently disclosing a $15,000 XRP purchase.
Read Also: Is a Spike to $3 Realistic for XDC Network Tokens? XDC Price Prediction
Regulatory Landscape Shifts
The crypto market’s upward trajectory coincides with significant changes in the regulatory environment. George highlighted that SEC Chair Gary Gensler’s upcoming departure and the expected appointment of Paul Atkins, known for his pro-crypto stance, could reshape the regulatory landscape.
The potential dropping of the SEC’s appeal in the Ripple case under Atkins’ leadership has contributed to market optimism.
Read Also: Pro-Ripple Lawyers Provide an Update on XRP vs SEC Case: ‘We Aren’t Holding Back!’
Core inflation data coming in below expectations has fueled the market rally, according to George. The CryptosRUs host also noted that historically, cryptocurrency markets have shown strong performance following presidential inaugurations.
The unique aspect of this bull run, as emphasized by George, is the decreasing Bitcoin reserves on exchanges—a pattern that differs from previous bull markets and suggests a potential supply shock.
The market surge extends beyond Bitcoin and XRP. George highlighted Solana’s recovery to over $200, citing strong fundamentals including 10 million unique addresses and substantial DEX volume. Other cryptocurrencies showing momentum include Cardano (ADA), Avalanche (AVAX), Hedera (HBAR), and Sui.
Future Outlook
George’s analysis suggests this bull run is just beginning. The CryptosRUs host projects Bitcoin could reach between $250,000 and $500,000 during this cycle, driven by increasing FOMO and dwindling supply.
He also noted the growing trend of crypto reserves beyond the federal level, with states like Texas and Oklahoma building their own holdings.
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