Excitement is growing in the crypto community as analysts predict an explosive move for the XRP price in the coming weeks. As signs of progress emerge from the US in… the government shutdownAnalysts are keeping a close eye on whether political developments could be the spark that takes XRP out of its market recent recession and pushes it to new price levels.
US Government Reopening to Cause XRP Price Rally
Levi Rietveld, a well-known crypto analyst on social media X, declared in a message on november 8 that he the largest XRP rally in history will happen once the US government shutdown ends. His prediction has attracted a lot of attention and sparked debate in the crypto community, as XRP investors are starting to make the connection impact of political stability with the performance of digital assets.
Market analyst Steph Crypto shares the same opinion. In an X-post on November 9, he said pointed out that US President Donald Trump has urged both the Democratic and Republican parties to reach an agreement to end the shutdown. The analyst predicts that once the government reopens, XRP and other cryptocurrencies will likely experience a significant breakout.
Steph is also Crypto remembered XRP holders and community members that when the last government shutdown ended in 2019the XRP price rose by more than 70%. He further hinted that history could repeat itself in this bull cycle under similar political circumstances.
New reports show there are several Democrats in the Senate to have connected Republicans are moving forward with a bipartisan plan to reopen the government after a 40-day shutdown. This is the first real progress in weeks, signaling a possible end to the long standoff. However, the proposal still needs to be passed by the House before an official reopening can take place.
For now, traders remain on edge and are keeping a close eye on how developments in Washington will play out. The uncertainty surrounding the shutdown has already begun putting pressure on the crypto marketwith investors bracing for volatility in XRP, Bitcoin and other cryptocurrencies. The longer the government shutdown lasts, the more pressure could build on risky assets.
XRP Targets $10 for Bull Flag Formation
On the technical side, crypto analyst Ali Martinez has done just that noted that the XRP price could be preparing for a parabolic wave soon to unknown areas. He shared a detailed chart showing the cryptocurrency’s potential Bull flag pattern on the monthly time frame.
Martinez explained that when this pattern fully plays out, XRP could fall initially up about 22.45% to $1.90 before a big rally started to $10. Currently, the cryptocurrency is trading at $2.45, meaning a rise to this double-digit level would mean a significant increase of 308%. The analyst’s chart shows a clear resistance near $3.5, which if broken could open the door for the expected explosive rise in the XRP price.
Featured image of Dall.E, chart from TradingView.com
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