Crypto analysts predict that $XRP could push to $11 amidst growing wallet activity and social buzz, potentially fueling the best altcoins.
Crypto analysts see XRP pushing up to $11 based on the technical patterns, historical performance, and the current pro-crypto context.
The main argument is the increased blockchain activity influencing $XRP’s value directly. According to Santiment, 2,742 wallets currently hold over 1M XRP each, with a total of 1M+ wallets stacking more than 47.32B coins.
Santiment observed $XRP’s push on July 11, when the rise in retail interest and network growth, with more wallets being created, rallied the token to $2.97.
Trader Ali backed the hype stating:
‘When you zoom out on $XRP, it’s hard not to go all in. A weekly close above $3 could set the stage for a rally to $6 or even higher!’
While it’s not yet close to $6, XRP is clearly on a dominant run after putting on a 30% growth rate over the past 30 days and counting.
💥🚀🚀🚀💥What’s Pushing $XRP Up?
$XRP’s upwards price pressure is the result of factors, including Brad Garlinghouse’s, the CEO of Ripple, statement that the $250B stablecoin market could push to a $1-$2T evaluation in ‘a handful of years.’
This goes hand in hand with Ripple partnering with Bank of New York Mellon Corporation (BNY) to custody its USD reserves.
As stated in the official announcement:
‘BNY brings together demonstrable custody expertise and a strong commitment to financial innovation in this rapidly changing landscape, as well as a forward-thinking approach to digital asset infrastructure, making them the ideal partner for Ripple and RLUSD.’
Then we have Ripple applying for a national banking charter on July 2, which ‘ If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market.’
These developments, coming in the pro-crypto context created by Trump’s GENIUS Act, explain the sustained growing interest in $XRP and lend credence to the recent predictions of $6 or higher.
As expected, $XPR’s bull push fuels the entire crypto market with some projects experiencing a surge in investor interest.
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