Ripple's native token, XRP, has surged above $1.50 for the first time since 2021 and is expected to continue rallying until it reaches the next resistance level of $2. Its market cap is approaching that of Binance Coin (BNB), potentially making XRP the world's fifth-largest cryptocurrency. Reasons behind the rally include positive market sentiment, the resignation announcement of SEC Chairman Gary Gensler, significant acquisitions by whales, and other factors. Technical analysis suggests that XRP could soar by 35% to reach $2, although the altcoin's RSI indicates a potential price correction. On-chain metrics show declining XRP exchange reserves, indicating increased accumulation by investors. XRP's open interest has also surged, indicating strong trader interest and participation. At the time of writing, XRP is trading at around $1.60 with a gain of over 27% in the past 24 hours and increased trading volume.



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