XRP Surpasses $3, Reaches New Multi-Year High After 30% Surge
XRP has reached a multi-year high, surpassing $3 for the first time since 2018, fueled by a market recovery and strong investor sentiment. Key points include:
- XRP has rallied over 450% since November 6, outperforming most cryptocurrencies.
- It hit a previous high of $2.9 in December, maintaining key support levels during market corrections.
- Recent trading has remained between $2.1 and $2.6, with a breakout attempt noted by analysts.
- On Wednesday, XRP surged 30%, breaking resistance and briefly trading above $3.
- Whales have increased activity, with 341 transactions over $1 million recorded in 24 hours.
- Wallets holding 1 million to 10 million XRP accumulated an additional $3.8 billion since November 12, marking a 37% increase.
- XRP has broken out of a multi-year downtrend against BTC, suggesting potential for further price increases.
- Analysts propose a target of $4, representing a 37% increase from current prices, which are at $2.91.
