Recent XRP Price Action Overview
Breakout Above $1: XRP surged past $1 for the first time in three years, peaking at $1.27, marking an 85% increase in just 48 hours.
Regulatory Tailwinds: This rally followed optimism around SEC Chair Gary Gensler's possible resignation and expectations of crypto-friendly policies under the new U.S. administration.
Institutional Support: XRP's earlier legal victory against the SEC led to relisting on major U.S. exchanges and the introduction of XRP-based ETFs, boosting investor confidence.
On-Chain Activity: Increased transactions, new wallet creations, and higher liquidity have underpinned its price growth.
Technical Momentum: Analysts highlight bullish chart patterns, suggesting potential targets of $1.50 or higher as momentum builds.
XRP's resurgence is driven by regulatory clarity, institutional adoption, and strong technical indicators, setting the stage for possible further growth.
