Will XRP Price Skyrocket Above $5 Soon?

Quick Summary:

XRP price is bullish along with other cryptocurrency majors like Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). As expected, Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium in Wyoming bolstered key global markets, including crypto and stocks. Ripple price surged 2% in the last 24 hours, bringing the total seven-day increase to nearly 9%.

If Ripple ETFs receive the same support, XRP will gain momentum to reach ATH and extend the rally to $5 long-term.

Although the $5 target seems ambitious for the token, XRP  could start to gain momentum bucked by a potential spot ETF approval buzz.

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Article Details

Author / Journalist: John Isige

Category: Crypto

Markets: India

Topics: XRP price analysis Price Analysis Ripple Price Analysis XRP

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-24 @ 12:59:52 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 42 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22240031

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