Here’s the latest on XRP! 🚀 The Ripple token just broke through $1.5 for the first time since 2021, and it looks like the rally is set to continue. 📈 Next target? Resistance at $2!
XRP is now approaching Binance Coin’s (BNB) market cap, and could soon overtake BNB as the world’s fifth-largest cryptocurrency. 💪 Currently, XRP’s market cap is around $91.42 billion, while BNB’s is slightly higher at $91.76 billion. Only a $34 million difference!
Several factors have caused XRP to soar, including bullish price action, Gary Gensler’s announcement of his resignation from the SEC, and strong interest from whales who have recently bought a lot of XRP. 🐋
From a technical analysis, XRP has successfully broken through a strong resistance level at $1.38, and there is potential to rise 35% to $2 in the near future. 📊 Currently, XRP is trading above the 200 EMA, indicating an uptrend, although the RSI suggests a possible price correction as it has entered the overbought zone.
On-chain metrics also support this positive outlook. 📉 XRP reserves on exchanges continue to decline, indicating more investors are accumulating the token. This is a bullish signal and a great buying opportunity!
Currently, XRP is trading around $1.60 with an increase of over 27% in the last 24 hours. 🔥 Trading volume has also surged by 80%, indicating increased participation by traders and investors. So, keep an eye on XRP's movements! 👀$XRP