CandleFocus XRP Price Hits 6-Year High: Is a $10 Target Within Reach?
2024-12-03
Author: Content Editor
XRP has reached a six-year high of $2.46 and surpassed a market cap of $140 billion, leading analysts to speculate whether $10 is the next milestone for the cryptocurrency. The surge in price, up 341% since November 1, is attributed to legal victories, strong on-chain metrics, and Ripple's innovative developments. Excitement surrounding Ripple's upcoming stablecoin, RLUSD, and the potential resolution of their legal battle with the SEC are driving the bullish momentum. On-chain data shows growing adoption, and technical analysis supports continued upward momentum. While opinions on the $10 target differ, many believe it is a realistic long-term goal. At the time of writing, XRP is trading at $2.24 with a daily gain of 17%.
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