According to crypto market commentator Oscar Ramos, XRP holders could get rich and just need a catalyst to trigger XRP’s next rise.
XRP was in the spotlight after a remarkable performance in November 2024. After Donald Trump’s victory in… US presidential election On November 5, XRP rose 283%, marking its highest monthly close in seven years.
XRP consolidates after record-breaking rise
This rally continued into December, where XRP hit a seven-year high of $2.90 on December 5 before encountering resistance. Since then, the token has consolidated around $2 as the broader crypto market also corrects.
Market commentator Oscar Ramos believes that this period of consolidation is only temporary. According to him, XRP holders will do it Get rich and all you need is one big catalyst to trigger the next XRP upswing.
Ramos sees the current decline as an opportunity to accumulate more tokens before the next possible breakout. In a current one Video commentaryHe stressed that market activity was subdued during Christmas, with many traders focusing on festivities rather than market movements.
However, this inactivity is leading to consolidation also offers buyers an opportune time to purchase XRP at its current price levels. The analyst noted that investors should prepare for a sudden price increase.
Potential Catalysts for XRP’s Next Move
In his opinion, XRP only needs one significant event to catalyze this sudden increase, indicating multiple such events. First, Ramos drew attention to the growing interest in institutional crypto investments as a potential driver.
He cited examples such as Michael Saylor, whose company…
