Ripple's XRP is set to surge after a consolidation phase. The cryptocurrency, having traded within $1.9-$2.6 for several months, is now aiming for $3.
XRP's Consolidation Phase Ends
XRP has been in a state of consolidation for the past month, fluctuating between $1.9 and $2.6. During this time, the cryptocurrency faced pressure due to geopolitical unrest, particularly during the conflict between Israel and Iran.
Price Surge of XRP
In recent days, XRP has begun to show clear signs of growth, surging by 20% on one day and nearing the $3 mark. While the price currently rests just below $2.8, it's still 12% higher than previous levels. XRP's market cap has exceeded $160 billion, allowing it to become the third-largest cryptocurrency, overtaking Tether (USDT).
Community Reaction from Crypto Investors
The XRP community is actively discussing the token's current standing, with many Twitter users making bold predictions about the asset's future gains. One user mentioned that XRP’s rise might lead to prices as high as $2,500, referencing the successful trends of 2017 that, in their view, could repeat.
XRP is back on top, showing significant growth and overtaking other cryptocurrencies in capitalization. This may signal future successes for the token in the market.
