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Ripple’s native token is poised to retrace in the short term, but that could be just the start of another rally that will push it to a new all-time high, said a popular analyst.XRP took off a little late after Trump’s decisive win in the US presidential elections, but once it did, it stole the show completely. At one point, its gains had gone above 420% on a monthly scale as the asset climbed to a multi-year peak of almost $3.
As the community was praising and celebrating the move in anticipation of a new all-time high , XRP’s momentum vanished, and it started to lose value gradually. As mentioned above, the token now stands at an 11% weekly decline, and its price struggles to reclaim $2.4.: 3 consecutive bull pennants! We should all be praying for a retest of $2.25 to buy the dip and target $4.40!However, the strategist remains highly bullish on XRP’s long-term potential as he believes it will bounce off the $2.
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