$XRP
• Market Sentiment: According to the latest community sentiment data, 86% of community members hold a bullish outlook on XRP. This optimism may be based on XRP's recent breakthrough of the psychological resistance level at $0.60, briefly trading above $0.66.
• Price Performance: XRP has risen 9.96% over the past 7 days, with a market capitalization increase of over $3 billion. Currently, XRP's price is around $0.6478, up 3.07% within 24 hours.
• Large Trader Activity: Reports indicate that in the last 10 days, large traders have purchased over 470 million XRP, suggesting that major participants are preparing for further upward movement.
• Ripple's Escrow Plan: Ripple plans to release 1 billion XRP on October 1 as part of its escrow plan, which involves monthly releases from Ripple's non-circulating supply. Although the influx of new tokens into the market can sometimes lead to price declines, the strong bullish sentiment in the community suggests that there is confidence this release will not weaken XRP's momentum.
• Price Prediction: Experts predict that by the end of 2024, the price of XRP will significantly increase to between $0.75 and $0.86. Most XRP price predictions indicate that by mid-2025, its price will grow to $1, reflecting a bullish outlook. For the period from 2026 to 2030, XRP's price is expected to range between $0.85 and $2.27, with projections suggesting it will be between $0.15 and $0.40 by 2030, but a promising upward trend is anticipated from 2026 to 2030, with prices rising from $0.68 in 2026 to about $3.50 by 2030.
• Long-Term Forecast: Some analysts predict that XRP's price could reach $4.30 by 2025 and potentially $102.04 by 2030.
• Legal Developments: Ripple's legal battle with the SEC is a significant factor affecting XRP's market dynamics. Recent court orders have provided a clear timeline for resolving the case, eliminating delays that previously created uncertainty for investors.
• Technical Factors: XRP's technical chart shows strong upward momentum, with the price trading at $1.61 on November 29, 2024, up 4.40% for the day.