Ripple’s XRP cryptocurrency has broken through its key resistance level of $1.44, with the current price sitting at $1.63, indicating strong bullish momentum. Analysts predict that XRP could reach $1.88 soon, with additional targets set at $3.41, $5.85, and even $18.22 in the long term. Major support levels have been established at $1.44, $1.28, $1.14, and $1.03, providing a solid foundation for future price movements.
In other news, financial giants BlackRock and JPMorgan are preparing to file an XRP ETF application with the SEC, following the approval of the 21Shares XRP ETF. This move is expected to increase market legitimacy and attract institutional investors. Ripple’s ongoing legal battle against the SEC is nearing resolution, and optimism around the token within the community has surged.
An ETF approval could act as a turning point for Ripple’s XRP and solidify its position in the crypto industry. Whale activity, with a recent transaction of 104 million XRP worth $167.2 million, highlights the confidence investors have in the token and indicates that whales are positioning themselves for further gains, contributing to XRP’s current price surge.
At press time, the price for Ripple’s XRP token is $1.65, with a 12.6% surge in the last 24 hours. With technical strength, whale activity, potential developments in the Ripple vs. SEC case, and the potential ETF filing, XRP is poised for continued growth. Analysts believe that the XRP token will easily reach its next target of $3.00 soon.
The upcoming ETF decision and regulatory clarity with a resolution to the lawsuit will determine if XRP can achieve the predicted heights and cross the $18 mark.
Source
<p>The post Breaking News: Ripple XRP Surges Past Key Resistance, Analysts Predict $1.88, $3.41, and $18.22 Targets first appeared on CoinBuzzFeed.</p>
