CandleFocus XRP Records Highest Weekly Close in 3 Years After Surging Past $1
2024-11-18
Author: Content Editor
XRP, the sixth-largest cryptocurrency by market cap, has experienced a significant surge in price, reaching its highest weekly close in three years. Despite a broader market consolidation, XRP has defied the prevailing momentum and increased by 105% over the past seven days to cross the $1 mark. This surge has allowed XRP to overtake Dogecoin in the rankings and trade at a market cap above $65 billion. Analysts have set lofty price targets for XRP, with some predicting it could reach $17, $14, or even higher. The positive sentiment surrounding XRP is fueled by strong macroeconomic factors and expectations of a favorable resolution to Ripple's case with the SEC. Currently, XRP is trading at $1.170, representing a 14% increase in the past 24 hours.
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