The price of $XRP has risen significantly
- The price of $XRP surged by 8.24% to reach $2.2757, supported by a collective rise in the cryptocurrency market and Bitcoin surpassing the $90,000 barrier.
- Earlier in the week, $XRP exceeded the $2.17 level after a 35% increase, backed by strong buying from "whales" (large investors) and regulatory optimism following the appointment of Paul Atkins as the head of the U.S. Securities and Exchange Commission (SEC).
Technical Analysis and Price Predictions:
- Analysis indicates that XRP may continue to rise if it breaks through the $2.25 resistance, with potential targets at $2.50 or even $3.40 in the medium term.
- There are also long-term forecasts suggesting that XRP could reach $18 if the RippleNet network is widely adopted by U.S. banks.