Noteworthy crypto player, XRP, has seen a remarkable surge in trading volume and value, stirring speculation about its potential to exceed $1 in the next bull market.
XRP’s trading volume has surpassed $2 billion in the last 24 hours, marking an impressive 160% increase compared to recent figures. This, coupled with its recent climb to $0.58 per token, is driving the asset into a bullish stance.
The “XRP Army” of enthusiasts is speculating about the cryptocurrency’s potential in the forthcoming bull run. Respected chartist, Dark Defender, predicts the asset could rally to $13 or even $18, while EGRAG suggests a bold $27 figure. More optimistic forecasts even suggest the ultimate rally could reach $90.
Another recent development has been a significant transfer of 26.7 million XRP tokens, equivalent to nearly $15 million. This has sparked further speculation about its potential impact on price trends. Despite this substantial transfer, the asset has demonstrated robust trading activity.
In conclusion, XRP’s recent performance and the anticipation surrounding its legal status in the U.S. suggests its potential to reach new highs. This makes it a cryptocurrency worth watching as the market continues to evolve.
Read Now: MakerDAO moves $250M of its Coinbase custody to safeguard DAI peg