XRP is showing positive dynamics, holding above the key resistance level of $2.47 and aiming for a new technical target of $4.80.
Breakthrough at $2.47
XRP is holding above the critical level of $2.47, opening up further growth opportunities. This breakthrough has reinforced positive sentiment around the token in the market.
New Target at $4.80
The current target is set at $4.804, which implies a potential price increase of 44% from current levels. A successful breakout at $4.80 could lead to further increases.
Factors Driving XRP Growth
XRP’s growth is supported by several factors, including:
* Legal clarity following favorable rulings in the SEC vs Ripple case. * Utility growth through RippleNet and global partnerships. * Technical strength with price action breaking long-term resistance zones.
XRP appears well-positioned for further gains due to positive fundamental factors and trader sentiment. Supported by the crypto market, it could continue its upward trend.
