Can the price of XRP rise to $100? Fibonacci analysis suggests it may experience a surge!

XRP surged strongly last week, ending a two-week consolidation, and is close to initiating a bullish rebound. According to the Fibonacci analysis tool, the target price for XRP could be as high as $150, or even higher. So, can this target be achieved?

Recent developments by Ripple have enhanced the value of XRP. The RLUSD stablecoin, launched on December 17, is pegged to the US dollar, further strengthening Ripple's position in the digital payment space. CEO Brad Garlinghouse has also expressed optimism about the future of the US market, highlighting that Ripple's expansion in the US is rapid, with 75% of job openings currently in the US. Ripple's XRP Ledger (XRPL) has also gained attention for its decentralized trading and payment channel capabilities.

From a technical perspective, XRP's current price is solidly above $2.30 and continues to rise. After breaking through $2.45, the short-term target may be around $2.50. If the price breaks above $2.55, the next resistance level may be at $2.68 or even higher.

Overall, the likelihood of XRP breaking through $100 is low, but combined with Ripple's positive developments, the target of $150 still has the potential to be realized. For investors, XRP is a digital asset worth paying attention to, and its trends in the coming months are worth following closely.