XRP just hit a six-year high of $2.46! 🚀 With a market cap that’s surpassing $140 billion, many are wondering if the $10 target is within reach. 💰
The rally is being driven by a combination of legal wins, strong on-chain metrics, and strategic innovation from Ripple. 📈 In the past three days, XRP’s market cap has surged $50 billion, showing incredible bullish momentum. 🔥
XRP currently has a 24-hour trading volume of $28 billion, making it the fourth most traded cryptocurrency in the world. 🌍 One of the driving factors is the excitement surrounding Ripple’s new stablecoin, RLUSD, which is close to getting approval from the New York Department of Financial Services. 🏦
Legal clarity is also helping to fuel optimism, especially after the announcement that SEC Chairman Gary Gensler will be stepping down. 👋 Legal experts believe that non-fraud cases like the one Ripple is facing could be resolved soon, which could benefit XRP. ⚖️
Technical analysis shows strong bullish signals, and on-chain data shows continued growth in adoption with new users on the XRP Ledger. 📊 Meanwhile, analysts are divided on whether XRP can reach $10, but many believe it is a realistic long-term target. 🌟
Currently, $XRP is trading around $2.24 after gaining 17% in the last 24 hours. 📉 With all of these developments, the future of XRP looks bright! ✨