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XRP sees progress
XRP is gaining momentum on the charts after a recent market correction. Its value has increased by 11.6 percentage in the past week, mirroring the broader crypto market as Bitcoin climbs towards $100k. Analysts suggest that XRP could reach $3 if this momentum continues.
A prominent analyst, XRP Whale, forecasts that XRP’s price might rally to $3.3 in the coming weeks. Their chart analysis shows XRP trading within an asymmetrical triangle, with the $2.5 level being a critical breakout point. Another expert, Mikybull Crypto, shared a bullish outlook, suggesting XRP’s next target could be $4.
Technical indicators support these bullish predictions. The Hull Moving Average and VWMA both display buy signals, pointing to a potential surge. Beyond price action, Ripple’s XRP Ledger has hit a significant milestone. The ledger count exceeded 93 million and is set to surpass 100 million in the future. This milestone shows the adoption and utility of XRP within the crypto ecosystem.