š XRP Skyrockets 16% ā Can It Hit $1 Soon?
XRP has surged 16.6% in the past 24 hours to $0.8035, leading the crypto market with 45.9% weekly gains, reaching its highest price since July 2023. Whatās behind this bullish momentum?
š Why Is XRP Pumping?
1ļøā£ Regulatory Optimism: Trumpās election has fueled speculation about SEC Chair Gary Genslerās departure. Rumors suggest his resignation could ease regulatory pressure, particularly in the Ripple case.
2ļøā£ Crypto Tax Incentives?: Social media buzz hints that Trump might eliminate capital gains taxes on U.S.-issued cryptocurrencies, potentially boosting tokens like XRP.
3ļøā£ Big Adoption News: SociĆ©tĆ© GĆ©nĆ©raleās digital arm, SG-FORGE, announced deploying its euro-backed stablecoin, EURCV, on the XRP Ledger (XRPL).
š„ Deviating From the Market Trend
While Bitcoin, Ethereum, and other major cryptos dropped 4-6% due to profit-taking and hawkish Fed comments, XRPās momentum stands out.
š Analysts Are Bullish
ā¢ Short-Term: Analyst Dark Defender projects XRP could hit $1.03 by the end of the week if it holds above $0.76.
ā¢ Long-Term: Trader BigMike sees a breakout from a multi-year triangle pattern, suggesting a potential rally to $8 this cycle.
š¬ Whatās Your Prediction? Will XRP reach $1 this week or surprise us with even bigger gains? Share your thoughts below!