XRP Price Seeks a New Bullish Catalyst to Propel Above $1? 🧐
#XRP 's price surged over 100% after #Ripple's legal win, but the fundamentals don't fully support a move to $1 and beyond.
While trading interest increased, network usage data showed limited new participation. Ripple's efforts for adoption and investment in a metaverse project could help.
Technical resistance levels need to be surpassed for a stronger bullish sentiment. The high futures open interest and positive funding rate suggest potential volatility and liquidation targets.
Positive regulatory developments and retail popularity might end the long-term negative trend in the next few weeks, but market dynamics and adoption progress will be crucial.
