Ripple Back Up: Bullish Momentum Continues XRP's 24% Rally - Is $3 Next?
Ripple is back to its surging ways! After a slight reversal this week, bullish momentum has continued to drive XRP upwards. The token has surged and the XRP price saw 20% upside in 30 days as Ripple nears final $50M SEC settlement approval. This positive development is fueling renewed investor confidence and driving significant price appreciation.
XRP Shows Strength: Whale Activity & Technical Indicators
XRP shows strength after a bullish breakout as investors eye the $3 target. Whale wallets have accumulated close to 900M XRP, fuelling bullish sentiment. XRP confirmed an inverse head-and-shoulders pattern as whales reduce exchange supply, indicating strong accumulation and potential for further gains. This pattern suggests sellers are losing momentum while buyers step in.
Ripple SEC Settlement Boosts Confidence
XRP has extended its 30-day rally to 27%, spiking to nearly $2.40 after Ripple and the SEC settled. Ripple agreed to pay $50 million, a significant reduction from the initially anticipated settlement amount, removing a major overhang on the cryptocurrency. Hace 1 día As Ripple continues to navigate the regulatory landscape and expand its financial ecosystem, the future looks promising for XRP.
Potential Catalysts: ETF Approval and Future Growth
Whether it’s the potential for an ETF approval (although speculative at this point) or continued adoption of Ripple's technology, XRP's future appears bright. The recent price action follows a steep 27.53% correction from previous highs. Buyers have stepped in decisively, pushing the price higher and reigniting bullish momentum.
Will XRP reach $3?
The $3 target is now within reach, driven by the positive SEC settlement, whale accumulation, and strong technical indicators. Keep an eye on further developments in the Ripple ecosystem and regulatory landscape for continued upside potential.