XRP Price Eyes Quick $6.3 Rally Amid Ripple Reserve Talks
Today's surge in XRP price is accompanied by an 80% increase in daily trading volume, reaching $4.35 billion, amid whale activity and Ripple reserve news.
Xrp Price Eyes Quick $6.3 Rally Amid Ripple Reserve Talks
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Amid a broader cryptocurrency market recovery following the FOMC meeting, XRP price is showing strength, rising to $2.20, with daily trading volumes surging by 80% to $4.35 billion. This indicates that traders are showing increased interest in Ripple’s cryptocurrency as discussions surrounding Ripple’s reserves heat up. If the broader crypto market continues to support this trend, further gains could be expected from here.
XRP Price Targets of $3, $4.4, and $6.3
Prominent crypto analyst Dark Defender has provided an updated outlook on XRP price movement. In his recent analysis, the analyst stated that Ripple’s cryptocurrency could face immediate resistance at $2.222 and $2.36.
He also noted that the XRP correction to $2.13 has completed, as it reverses its trajectory upwards, avoiding a massive $60 million in XRP liquidation. Dark Defender unveiled insights into the structure of the 5th Monthly Wave, breaking it down into five sub-waves. The analysis suggests an initial surge to $3, followed by Wave 3 and Wave 5 targets of $4.4 and $6.3, respectively
