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Analyst Predicts XRP Price to Reach $7 Amid Ripple’s Growing Plans
Ripple’s recent developments have sparked a surge in the price of its native cryptocurrency, XRP. The digital asset has skyrocketed by 4.75% in just 24 hours, reaching an astonishing $3.07 per unit. This significant increase follows the announcement of a $200 million acquisition and an application for a banking license.
In light of these developments, renowned market analyst Crypto King predicts a stunning potential rally, hinting at a $7 target for XRP price. The analyst draws parallels between this year’s market conditions and last year’s 2024 performance, emphasizing that the recent rally bears striking similarities to the 2024 breakout seen in July.
Crypto King points out that the current market scenario is vastly different from the previous bearish trend experienced in November of 2024. As Ripple continues its push for a banking license and strengthens its position in the financial sector, XRP’s adoption could experience significant growth.
Source: coincentral.com
