🌎 XRP Price Hits $4.40 Target Amid Bullish Momentum

XRP Price Target Hits $4.40 Amid Bullish Momentum and Regulatory Clarity Hopes

Crypto analyst Ali Martinez has predicted a short-term price target of $4.40 for XRP, citing the token’s recent breakout from a bull flag pattern. This bullish momentum is expected to continue in the near term, with strong technical signals pointing to further upward movement.

XRP Breaks Out of Bull Flag Pattern

Regulatory Clarity and Hopes for a Spot Exchange-Traded Fund Listing

The XRP community is hopeful that the U.S. Securities and Exchange Commission might drop its appeal against Ripple, which could lead to a significant price increase. Additionally, proponents are optimistic about the approval of a spot exchange-traded fund listing for XRP, with a 73% chance of it being approved in 2025.

Tips for XRP Investors:

Keep an eye on regulatory developments and updates from the U.S. Securities and Exchange Commission.
Monitor the approval of a spot exchange-traded fund listing for XRP.
Track the growth of the Ripple ecosystem, including the adoption of its USD-backed stablecoin, RLUSD.

Whales Take an Interest in XRP

Whales have bought over 100 million XRP in the last 48 hours, according to data from Santiment. This increased interest from whales is likely due to the current optimism around the token.

XRP Technical Analysis:

The MACD line continues to be above the signal line, suggesting that the bullish trend will persist in the upcoming days. The Supertrend indicator confirms that the asset is currently facing buying pressure from bulls.

XRP Price Prediction:

Based on the indicators, XRP could potentially break through the next psychological resistance at $3.50 and enter price discovery, potentially moving towards Ali’s target of $4.40 if the bullish momentum intensifies.

For more updates on XRP and the cryptocurrency market, stay tuned to Global Crypto News.