On September 15, 2024, while major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) struggled, XRP gained 4%, capturing attention.
Key factors driving this momentum include:
- The announcement of the Grayscale XRP trust in the U.S.
- The conclusion of XRP’s lawsuit, as announced by Ripple’s CLO.
- A penalty reduction from $2 billion to $125 million.
At press time, XRP trades near $0.597.
Experts suggest that breaking past $0.65 resistance could push the price to $0.73 soon.
With bullish on-chain metrics and increased open interest in long positions, XRP is showing potential for further gains.
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