{"id":36277,"date":"2025-01-16T06:49:51","date_gmt":"2025-01-16T06:49:51","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=36277"},"modified":"2025-01-16T06:49:51","modified_gmt":"2025-01-16T06:49:51","slug":"ripple-xrp-surges-to-3-2-with-10-price-target-in-sight-this-cycle","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=36277","title":{"rendered":"Ripple (XRP) Surges to $3.2 With $10 Price Target in Sight This Cycle"},"content":{"rendered":"

TL:DR;<\/strong><\/p>\n

Ripple\u2019s cross-border token has stolen the show once again as its price shot up to $3.2 for the first time in over seven years.
\nAt the same time, analysts have turned highly bullish, with predictions of up to $10 per token during the ongoing cycle.<\/p>\n

<\/a>XRPUSD. Source: TradingView<\/p>\n

Recall that the asset\u2019s price stood at a mere $2.1 at the start of the year two weeks ago. Since then, it has been on a spectacular run that even the Monday crash<\/a> couldn\u2019t contain.<\/p>\n

The past few days alone have been nothing short of astonishing for the third-largest cryptocurrency, as it went from $2.3 on Monday to $3.2 earlier this morning. This represented a nearly 40% surge in about 72 hours and put its price at a seven-year peak.<\/p>\n

Despite retracing to under $3.1 now, XRP is still 9% up on the day and more than 30% higher than this time last week. This impressive rally came after the US CPI data was announced<\/a> yesterday, which pushed many crypto assets north. However, XRP\u2019s case is particularly impressive.<\/p>\n

It all started last week after reports<\/a> that XRP whales had spent more than $2 billion to accumulate approximately a billion tokens within the span of just 48 hours. The positive developments have only intensified since then, including growing usage<\/a> of the XRP network for massive transactions.<\/p>\n

Even the SEC\u2019s late appeal<\/a> in the legal case between the agency and Ripple couldn\u2019t shake XRP\u2019s gains. At the same time, popular analyst Ali Martinez outlined a massive price target for the asset of up to $10.<\/p>\n

After outlining the aforementioned whale accumulation, he added that the token has broken out of a bull pennant, which typically indicates the continuation of a substantial rally to the upside. He concluded that if the buying pressure continues in such a manner, it could send XRP\u2019s price higher by more than 3x.<\/p>\n

$XRP<\/a> is going to $10! pic.twitter.com\/EAIhqpj4V4<\/a><\/p>\n

\u2014 Ali (@ali_charts) January 15, 2025<\/a><\/p>\n\n

The post Ripple (XRP) Surges to $3.2 With $10 Price Target in Sight This Cycle<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL:DR; Ripple\u2019s cross-border token has stolen the show once again as its price shot up to $3.2 for the first time in over seven years. At the same time, analysts have turned highly bullish, with predictions of up to $10 per token during the ongoing cycle. XRPUSD. Source: TradingView Recall that the asset\u2019s price stood […]<\/p>\n","protected":false},"author":0,"featured_media":36278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-36277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/36277"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36277"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/36277\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/36278"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}