XRP has surpassed the $1 milestone for the first time in three years, capturing the attention of market analysts anticipating further changes.
Historical Rise of XRP
XRP reached above $1 for the first time since December 2021. Previously, it struggled to hold $0.57, causing concerns among investors about missed opportunities in the ongoing market rally. However, recent developments marked a turning point with XRP breaking past $0.60 and gaining momentum.
Current Market Analysis
In recent days, XRP has been increasing significantly, crossing $0.70, $0.80, and $0.90 levels, finally reaching the historic $1 mark. The last time it had this value was in 2021, after a peak of $1.96 earlier that year. Currently trading at $1.15, XRP aims to solidify its position.
Potential Development and Forecasts
Crossing the $1 line could pave the way for XRP to aim for a new all-time high of $3.31. At the current price, achieving $1.20 will be a crucial step to remain above $1. If positive momentum continues, the next targets could be $1.34 and $1.87, requiring a significant price increase.
With a current market cap of $59 billion, XRP might soon surpass $60 billion, overtaking Dogecoin and becoming the sixth largest cryptocurrency. Future movements depend on the continuation of the positive trend.
