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Live XRP/USD Chart

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XRP has one of the strongest communities, according to cryptocurrency tycoon Mike Novogratz. Galaxy Digital CEO Mike Novogratz acknowledged that he did not believe XRP would survive the SEC lawsuit. When Novogratz said, “XRP has one of the strongest communities there is,”.

Brad Garlinghouse, the CEO of Ripple, has received praise from the Galaxy CEO for resolving legal issues and preserving the community.

 

Novogratz has recalled that he once ignored the token because of its cult-like fan base. He later realized, though, that this is only half of what cryptocurrency really is. “After 2008, people lost faith in governments. We are finding trust in these online crypto communities because we have so little trust.”

Novogratz said. He went on to say that cult-like communities support all of the successful cryptocurrencies. This distinguishes cryptocurrency from the stock market because individual stocks don’t often have such ardent supporters.

According to Novogratz, XRP’s remarkable performance makes it the best token available for purchase after November 2024. Additionally, Novogratz said, “Who would have ever guessed that?”. In contrast to the stock market, he has also noted that the token is never too costly for the XRP community.

Novogratz has changed his mind about XRP, despite his initial skepticism, because of what he saw as its lack of decentralization. The comment from Novogratz was, “Who am I to judge where people want to store their money?”

Market analyst XForceGlobal, a certified Elliott Wave specialist, thinks that XRP’s prolonged sideways trading is preparing the market for a significant rally. The next price targets will become more robust the more XRP consolidates within its current range.

He emphasized that sustained accumulation by long-term holders is a sign of a bull market poised for a significant breakout. Recently, XForceGlobal tweeted that “more accumulation equals more bullish.”.

He emphasized the persistent absence of selling pressure as a crucial indicator of market strength. XRP has emerged from a long-term triangle pattern. Waves (3), (4), and (5) of the potential five-wave advance are predicted by the analyst using Elliott Wave theory to propel XRP in the upcoming months.