- $XRP breaks key $2 resistance, currently trading at $2.07 with bullish momentum and a 230% yearly gain.
- Analysts predict a near-term move to $2.40–$2.60, as price forms a higher high and stabilizes above support.
- Positive sentiment fueled by Trump’s 90-day tariff pause and all-time high of 6.26 million XRP wallets suggests growing adoption.
Ripple
Ripple ($XRP), introduced in 2012, is a blockchain platform aimed at revolutionizing global financial transactions. Known for its exceptional transaction speed—processing within 3-5 seconds—and energy efficiency, it offers a cost-effective alternative to Bitcoin.
Price Movements
Currently priced at $2.07, with a market cap of $120.75 billion, $XRP has seen a remarkable 230% increase over the past year, reaching a peak above $3.30 before experiencing a pullback. Recently, however, the price has shown signs of stability.
Credit: CoinGecko
Price Predictions
After dropping to a recent low of $1.60, $XRP has shown signs of recovery, forming a higher high pattern. Looking ahead, analysts are watching closely as the price has just cleared the significant $2 resistance level. If the coin can hold above this mark, projections suggest the price could target the $2.40 to $2.60 range in the near term, signaling a strong continuation of the upward trend.
Market Sentiment and Developments
The market sentiment for $XRP has turned bullish, spurred by recent news, including a 90-day tariff pause announcement by Trump. Additionally, on-chain data shows that the number of XRP wallets has reached an all-time high of 6.26 million, a sign of increased adoption and broader distribution.
Future Outlook
Overall, with growing adoption, favorable market conditions, and strong technical indicators, Ripple is poised to continue its upward momentum in the coming months.
