As Cointelegraph reported, XRP prices rose 5% to $0.6278 on September 29, up more than 10% since September 6. Data shows that XRP rose from $0.5027 on September 6 to $0.6335 on September 29, a 26% increase.
Total crypto market capitalization rose 0.4% to $2.29 trillion. XRP was the third-largest gainer among the top 100 cryptocurrencies by market cap in the past 24 hours.
Traders are optimistic about XRPâs price action, predicting a price target of $0.66. Analysts note that XRPâs chart shows a bullish pattern, with a price target of $2 or more.
XRP has broken out of a symmetrical triangle on the weekly chart and could rise further to $2. Technical indicators like the RSI are also showing strong bullish signals.
XRPâs open interest reached a five-month high of $932.3 million on September 29, indicating positive market sentiment. Increased demand for leveraged long positions and rising funding rates show that traders expect prices to continue to rise.
