XRP on the rise: will the bulls be able to reach the price of $ 5 this month?
Listen, friend, there is a real hype going on around XRP right now, and there are a couple of reasons why large investors are so actively buying up this asset. Over the past seven days, XRP has risen significantly, which has become part of the general optimism in the crypto market — especially after bitcoin broke through a three-month high, followed by altcoins. All this fuels the interest of both large and retail investors.
The most interesting thing is the behavior of large XRP holders. In the last month alone, they have bought almost $880 million worth of tokens. The whales, as they are called, clearly believe in continued growth. In addition, one major piece of real business news has fueled interest: pharmaceutical company Wellgistics has announced that it will use XRP for instant payments in a $50 million deal. This is a huge step for the adoption of cryptocurrencies in traditional industries.
Do not forget about the possible approval of a spot XRP ETF in the United States - this can be a real fuel for the price to rise. Analysts, including Bloomberg and users of the Polymarket platform, give up to 85% probability of such an outcome. Another factor is the SEC's announcement of the proposed settlement, which also played into XRP's hands, adding almost 10% to its price in a short time.
At the time of writing this article, XRP is already worth $2.39, which is 7% higher per day and 8% higher per week. The trading volume increased by 41%, and the capitalization reached almost 139 billion dollars. So it's not surprising that more and more investors are betting on reaching the $5 mark as early as May.
The market is favoring XRP right now, and if the trend continues, especially from the institutional side, the $5 target really becomes a reality.
Do you think the bulls will be able to reach XRP to $5 this month, or is it too early to rejoice?
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