Here’s what needs to happen for XRP’s price to explode. Despite recent declines, one analyst predict a possible XRP breakout to $7.50 by the end of 2024. Increasing XRP transactions, new account activations, and payment volumes suggest heightened demand and user engagement, potentially adding upward price pressure. XRP Breakout Coming Soon? The cryptocurrency market has been booming in the past few days, with Bitcoin (BTC) briefly soaring above $71,000 and Dogecoin (DOGE) skyrocketing to a five-month high of almost $0.17. However, some assets, like Ripple’s XRP, have not caught the green wave. It currently trades at around $0.52, representing a weekly decline of 4%. XRP Price, Source: CoinGecko Its poor performance could be linked to the fresh doze of uncertainty triggered by the prolonged lawsuit between Ripple and the US Securities and Exchange Commission (SEC). Recall that the agency officially appealed a 2023 verdict set by Judge Torr...
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