XRP Price Prediction Weekly: BR ETF Legal Push Reignites Long Term Rally

Ripple's recent rise can be attributed to a number of factors, including improving spot XRP ETF prospects, changing regulatory environment,

Ripple's XRP Gains Momentum as ETF Hopes and Legal Resolutions Align

Quick overview

  • XRP has broken its pattern of lower highs, indicating a potential bullish trend with a recent surge from $2.10 to $2.33.
  • Ripple Labs has settled with the SEC, reducing its fine and improving the regulatory outlook for XRP.
  • Analysts predict significant upward potential for XRP, with targets of $5.85 and $8.76, contingent on breaking key resistance levels.
  • The cryptocurrency market sentiment is bolstered by Bitcoin's recovery above $100,000, suggesting a broader resurgence.

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Ripple’s recent rise can be attributed to a number of factors, including improving spot XRP ETF prospects, changing regulatory environment, and positive technical signs.

ABOUT THE AUTHOR See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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