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$XRP, one of the prominent cryptocurrencies, has reached a significant milestone by surpassing the $1 price mark. This surge, fueled by a 106% weekly gain, highlights $XRP’s resilience and its tendency to rally as the broader crypto market consolidates. Investors are now closely watching its next moves as $XRP eyes further price milestones.
$XRP News: $XRP Price Breaks the $1 Mark
The recent price action of $XRP has caught the attention of the crypto community. After a prolonged period of trading below $1, $XRP surged to $1.06, marking a 31% gain in the past 24 hours alone. This rally pushed its market capitalization to $65 billion, propelling it to the sixth position among the largest cryptocurrencies by market cap.
$XRP/USD 1-month chart - TradingView
$XRP’s Weekly Performance: Over 100% Gains
$XRP’s performance in the past week has been remarkable, with a staggering 106% increase. This price movement is particularly notable as it comes amidst a consolidating broader crypto market. $XRP’s history of lagging behind market trends before catching up with explosive gains was once again demonstrated, reaffirming its unique behavior in the crypto space.
$XRP Price Analysis and Market Position
Currently trading at $1.06, $XRP has showcased significant momentum. Its market cap of $65 billion firmly establishes it in the top six cryptocurrencies. Over the last 24 hours, $XRP gained 31%, a clear indicator of strong bullish sentiment. Analysts suggest that this surge could be a precursor to $XRP attempting to breach the $1.20 mark. However, potential short-term corrections could see prices briefly retreat to $0.96 before resuming an upward trajectory.
$XRP Price Prediction: What’s Next?
The $1.40 price level now stands as a crucial target for $XRP. With strong market interest and bullish indicators, achieving this milestone is a possibility in the near term. That said, the possibility of a price adjustment cannot be ignored, with experts predicting a potential dip back to $0.96 before a renewed rally. Long-term investors remain optimistic, viewing such corrections as opportunities for accumulation.
$XRP/USD 1-month chart - TradingView