XRP has experienced strong bullish momentum, leading to a six-month high in price. It outperformed most cryptocurrencies in the top 100 ranking by market cap, except for Bonk and Flare. XRP's open interest has also surged to a five-month high, indicating increased traction for the token. Other metrics, such as the long/short ratio and trading volume, further support bullish sentiments. Analysts speculate that XRP could see substantial price surges, ranging from $2 to $9.98. They cite factors such as the breakout of a symmetrical triangle and the Ripple settlement with the SEC as reasons for the bullish outlook. Some analysts have even more ambitious price predictions, with one mentioning a potential $1,000 price for XRP.
- Content Editor ( thecryptobasic.com )
- 2024-09-30
Analyst Sees XRP at $9.96 as XRP Open Interest Surges To $1.04B