The XRP price has seen a significant surge this month, with a 258% increase in the last 30 hours. Both technical and fundamental factors have contributed to the rise, with price predictions ranging from $5 to $20 depending on market dynamics. Analysts have identified bullish patterns, such as a “bull flag” pattern in XRP, although a brief correction may be possible before a breakout above $2.46.
Another analyst has noted that XRP is completing an ABC corrective wave pattern on the daily chart, which could lead to a breakthrough within 24 hours. Ripple’s recent announcement of the NYDFS approval for its RLUSD stablecoin has also added to XRP’s bullish momentum. The integration of RLUSD into Ripple’s ecosystem is expected to elevate XRP’s demand as the asset facilitates liquidity, supports transactions, and serves as collateral for stablecoin issuance.
In addition to the RLUSD launch, factors such as regulatory clarity in the SEC lawsuit, Ripple’s partnerships with financial institutions and corporations, advancements in XRP Ledger technology, and DeFi applications are also expected to contribute to XRP’s growth. Broader market trends, including Bitcoin’s rise past $100,000, are anticipated to create a favorable environment for XRP and similar assets.
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<p>The post XRP Price Soars 258% in 30 Hours: Analysts Predict $5-$20 Targets Amid RLUSD Launch and Market Uptrend first appeared on CoinBuzzFeed.</p>
