CandleFocus

BlackRock & JPMorgan Announce XRP ETF Ripple Price to Hit $3

Author: Content Editor
The price of Ripple's XRP token has broken its key resistance at $1.44 and is currently trading above $1.63, indicating strong bullish momentum. Analysts predict that the price could soon reach $1.88, with additional targets set at $3.41, $5.85, and even $18.22 in the long term. Major support levels have been established at $1.44, $1.28, $1.14, and $1.03, providing a solid foundation for future price movement. BlackRock and JPMorgan are preparing to file for an XRP exchange-traded fund (ETF), which would increase market legitimacy and attract institutional investors. Optimism surrounding XRP has increased as Ripple's legal battle with the SEC nears resolution. A recent large XRP transaction worth $167.2 million indicates confidence from investors and suggests that whales are positioning themselves for further gains. The current price of XRP is $1.65, with a 12.6% increase in the last 24 hours. Analysts believe that it will easily reach its next target of $3.00, and the upcoming ETF decision and resolution to the lawsuit will determine if XRP can surpass $18.

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