XRP Could Hit $6 by Year-End

Ripple (XRP) has surged past $2, gaining 12% daily and 100% weekly, and now ranks third on CoinMarketCap. Analysts predict a rise to $6.42, supported by strong technicals, regulatory wins, and strategic positioning.

Key Highlights

• Technical Outlook: XRP broke the $1.88 resistance, with targets at $4.11 and $6.42, supported by Fibonacci levels and strong momentum above the Ichimoku cloud.

• Derivatives Data: Open interest in XRP futures is up 4.26% to $3.35B, with traders favoring long positions, reflecting optimism.

Regulatory and Market Impact

Ripple’s legal wins against the SEC and potential XRP ETF approvals could drive institutional investment, mirroring Bitcoin’s success. Strategic moves, including a $25M donation to pro-crypto causes, further strengthen market confidence.

Conclusion

Ripple’s strong performance and growing institutional interest position it for significant growth, with a $6 target increasingly plausible.

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