XRP is still rising sharply – How high can Ripple go this week?

XRP has had a very good month, with a price increase of 62% just this week, reaching nearly $1.50. In the latest price surge, XRP approached $2 before being sold off. Although the growth potential remains significant, with an all-time high of $3.84, buyers need to overcome resistance levels of $1.60 and $2 before aiming for a target of $3 or higher. However, a short-term correction after the recent strong rally is inevitable. Some analysts predict that XRP could reach $2, or even higher, but there are also more cautious forecasts suggesting that the price could drop to $0.75. The price of XRP surpassing $1.40, the highest since the beginning of 2021, has also been boosted by the announcement of SEC Chairman Gary Gensler's resignation and the increase in open interest. Some analysts even predict that XRP's price could rise to $11 in a clearly defined and crypto-friendly regulatory environment. However, all of these predictions are for reference only and do not constitute investment advice.