XRP analysts highlighted the potential for a rebound to $1.95 as the price broke above a symmetrical triangle amid persistent institutional demand.
XRP (XRP) price is up 5.5% over 24 hours and 3% in seven days, trading around $1.40 on Wednesday. This puts XRP in a position for further gains backed by several market and technical factors, according to analysts.
Key takeaways:
XRP’s potential to rise to $1.95 is backed by persistent demand from US-based ETFs.