The XRP ecosystem is in full swing this Friday. The token remains around $2.18, consolidating its position after reaching $2.30 in the middle of the week. Analysts observe a possible formation of an 'inverted head and shoulders,' which could anticipate a bullish push of 25% towards $2.74.
📈 Bold Predictions
Analyst Cryptarch_ suggests that XRP could climb to $6.50, representing a 200% increase from its current level. This forecast is based on technical patterns and a rising RSI, indicating a possible trend reversal.
🏦 Institutional Advances
Institutional interest in XRP continues to grow. CME Group announced the launch of XRP futures for May 19, which could increase liquidity and attract institutional investors.
🛑 Ripple Dismisses IPO
Despite rumors, Ripple has confirmed that it does not plan to go public in 2025. President Monica Long explained that the company is financially solid and is focusing on strategic acquisitions, such as Hidden Road for $1.25 billion.
🔮 What's Next for XRP?
With predictions pointing to $6.50 and even $27 in the long term, and backed by institutional developments, XRP is positioned as a cryptocurrency to watch closely.