Some analysts predict that the XRP price could reach $3 for several reasons. First, massive buying activity by institutional investors and high-net-worth individuals, such as XRP whales, shows confidence in the token . In addition, technical analysis shows that the XRP price has developed a bullish pennant pattern, which often leads to a breakout and further price increases . Another factor supporting the XRP price increase is positive changes in the legal framework, such as the inauguration of Donald Trump and the expected departure of SEC Chairman Gary Gensler, which could breathe new life into crypto Finally, the increasing chances of XRP ETF approval could also add fuel to the XRP price rally, as it could attract large institutional capital
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