Ripple Price Explodes Above $0.7 As XRP Bull Run Takes Off

Despite lagging behind this week’s leaders for a while, the price of XRP is finally catching up. It rose about 15% in the last 24 hours, becoming one of the top 10 performers, second only to Dogecoin.

At the time of writing, XRP is trading above $0.7, a high seen in March of this year.

Source: TradingView

With this, its total market capitalization currently stands at $40 billion. This latest surge comes as the price of Bitcoin hit another all-time high at $90,243.

As reported by CryptoPotato, some popular analysts are now calling for the price of XRP to reach $2 before the end of 2024. One analyst said last month that big moves are coming as soon as XRP trades above 0, $66, and that seems to be the case now.

“Then we set an extraordinary level of $0.6649. And underline with Bold Fonts that this damn level is the strongest of all! And as soon as we see XRP above $0.66, a day, a week, a but we’re going to see huge moves,” Dark Defender.

That said, part of the reason for the recent surge could be fueled by rumors that Ripple’s CEO had met with Donald Trump (or someone in his administration) to discuss crypto regulations. There has been no official confirmation of this so far.

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