Ripple (XRP) to Continue Bull Run Mode Toward $6.50 as This Altcoin Aims for a Double-Digit Price from Under $0.30
The post Ripple (XRP) to Continue Bull Run Mode Toward $6.50 as This Altcoin Aims for a Double-Digit Price from Under $0.30 appeared on BitcoinEthereumNews.com.
Ripple’s XRP is making headlines as its bull run mode remains active despite a recent price dip. It is pushing past key resistance levels, aiming for $6.50. Meanwhile, a rising altcoin, Rexas Finance (RXS), is turning heads with its ambitious goal of reaching double-digit prices from under $0.30. This massive rally potential has drawn investors to its presale. As these two cryptocurrencies gain traction, investors are eager to see if they can sustain their upward momentum and deliver substantial returns. Ripple (XRP): Aiming for $6.50 Amid Growing Institutional Interest XRP’s strong positive momentum has driven it beyond key resistance levels, placing it among the best-performing cryptocurrencies in recent weeks. Despite the recent retreat below $3, XRP is still in its bull run mode. It has continued surging and has surpassed the important $3 mark. It currently trades at $3.08, with the key resistance level around $3.40. Still, trade volume is robust, and whale activity indicates strong confidence in large investors about XRP’s potential for upward momentum. Technical indicators, however, show mixed signals. The Relative Strength Index (RSI) has fluttered around overbought levels, signaling a possible pullback. Yet, the overall outlook is positive. Its tightening Bollinger Bands suggest declining volatility and an approaching rally. Should XRP break past the $3.50 resistance zone, it will swiftly challenge $4, which could drive it towards $6.50. Recently, Ripple reached yet another milestone. Key U.S. states have approved Money Transmitter Licenses for Ripple, providing credibility and boosting adoption among financial institutions. A possible XRP Spot ETF, attracting more institutional investors, has also created excitement. Meanwhile, Ripple’s recent partnership with Ondo Finance is driving new tokenization efforts. These factors have helped XRP solidify its position in the crypto market. Analysts highlight crucial support levels around $2.70. If the price stays above $3.50, XRP could be on…
Filed under: News - @ February 12, 2025 7:20 am