$XRP
Why is XRP standing out today?
It recently broke the $3.00 barrier and traded at $3.25, with a weekly increase of over 30% thanks to improved buying momentum.
It saw daily gains of 6.8% and increasing interest in re-testing the all-time high at **$3.40**.
Technical analysis indicates the possibility of a short-term rally towards $3.40–$3.60, and perhaps even $4.50 if the momentum is maintained.
Why XRP:
1. A developing legislative framework – The introduction of the GENIUS and CLARITY bills led to a rise in XRP by about 7.7% today, bolstering regulatory confidence.
2. Potential breakthrough in the SEC case – Ripple recently withdrew from a legal appeal, and forecasts suggest that the Securities and Exchange Commission is expected to drop its appeal soon as well, paving the way for the launch of the first ETF linked to XRP.
3. Strong institutional entry – Increased institutional inflows into cryptocurrency ETF funds pushed XRP up by 5.1% recently, with growing expectations for a dedicated ETF launch soon.
4. Market whale activity – A massive concentration of 2.2 billion XRP late last week led to short position liquidations and enhanced market momentum.
In the short term: Important resistance levels between $3.40–$3.60, breaking these could lead to a breakout towards **$4.00**.
In the medium to long term: Analysts expect XRP to reach $5 by the end of 2025, while others have mentioned targets reaching $10–$20 due to the increased adoption of Ripple.