XRP Price Surge and Potential for Further Growth

XRP's price surged to $0.74, outperforming BTC with a 13.42% uptick. Analysts predict a potential 200% rally, with XRP possibly closing at its highest weekly candle of 2024. The altcoin has been consolidating between $0.65 and $0.45 for most of the year but is now showing signs of a parabolic rally after breaking a downtrend. Experts suggest a target of $2 by year-end, with a possible re-test of $0.96 in the short term. Santiment data shows a rise in XRP community excitement, with open interest hitting a yearly high of $1.20 billion. While a short-term correction is expected, increasing demand for leveraged XRP positions may drive price action in the coming weeks. This article emphasizes the importance of conducting personal research before making any investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news