bullish

Coin

<ul class="wp-block-list news-points">
 <li>Crypto analysts forecast XRP price to potentially soar to between $2.50 and $3.50 soon.</li>
 <li>Ripple’s $10M investment in tokenized U.S. Treasury bills boosts XRP’s institutional appeal.</li>
 <li>XRP Ledger’s potential use in CBDCs and legal victories drive renewed interest in XRP.</li>
</ul>
XRP, Ripple’s native coin, is capturing attention once again. Prominent figures who previously dismissed it are now forecasting significant potential for the cryptocurrency. Scott Melker, known as “The Wolf of All Streets,” recently broke his silence on XRP, suggesting XRP price could explode to nearly $2.
On Wednesday, Melker <a href="https://x.com/scottmelker/status/1818646062644474020" target="_blank" rel="noopener noreferrer nofollow">posted on X</a> an interesting finding on XRP’s weekly chart, mentioning a potential breakout from descending resistance and identifying possible price targets of $0.75, $0.93, $1.34, and $1.96.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd4ysvA6otSnjdDleqTT_Jo0_Qd_niEsKng22pIeBmt9ZQqHCbLNelpGShSRl4xv0s1eWJJdMLixdOM-GziEh_sToj13WqInZuQsAfwYJr3191nDFsrrlrDwFfJigBOon5igRPEbxGG3i-xU_iFjUyC21ma?key=AHtxFmakZ6XwaUnAah8H4g" alt="">
</figure>
Source: TradingView
Analyst <a href="https://x.com/MikybullCrypto/status/1818910232212381808" target="_blank" rel="noopener noreferrer nofollow">Mikybullcrypto</a>, another vocal supporter of XRP’s potential, encouraged investors to consider XRP, emphasizing “it’s not too late to join the wagon.” He predicts that XRP is set to break out from a bullish pennant pattern formed over the past 6.5 years.
The analyst projected XRP’s price could rise to between $2.50 and $3.50 in the short term, with…
The post <a href="https://coinedition.com/xrp-price-prediction-analysts-forecast-2-surge-amid-bullish-signals/" rel="noopener noreferrer nofollow">XRP Price Prediction: Analysts Forecast $2+ Surge Amid Bullish Signals</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP Price Prediction: Analysts Forecast $2+ Surge Amid Bullish Signals

Coin Edition

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