bullish

2024

Parabolic

<ul>
  
 <li>XRP's breakout from a 2,351-day resistance suggests a possible target of over $150.</li>   
 <li>The potential logarithmic increase could see XRP rise by more than 21,000%.</li>   
 <li>Russia's approval of crypto payments could boost XRP's adoption and price.</li> 
</ul>   
<p><a href="https://cryptonewsland.com/xrp-breaks-triangle-cme-listing-boosts-price/" target="_blank" rel="noreferrer noopener">Ripple's XRP</a> is gaining the attention of both analysts and investors following a significant price movement. According to the post below, XRP’s price trajectory could potentially rise from its current level to as high as $113.13.&nbsp;</p>   
<p>The analyst’s projection illustrates an ambitious outlook. He anticipates XRP to experience a sharp ascent, reaching significant milestones along the way.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/Cryptobilbuwoo0/status/1818117847576670618 
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</figure>   
<p><a href="https://x.com/JavonTM1/status/1818484077592461419" target="_blank" rel="noreferrer noopener nofollow">Javon Marks</a>, another renowned analyst, has highlighted that XRP has broken out from a massive resistance trend lasting over 2,351 days. This breakout is seen as a major technical achievement, suggesting that XRP could be on its way to reaching a target of over $150.&nbsp;</p>   
<p>With the potential for a logarithmic follow-through, the price could theoretically climb more than 21,000% from its current value. Such a dramatic increase would mark a new era of growth for <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noreferrer noopener nofollow">XRP</a>.</p>   
<h2 class="wp-block-heading" id="h-russia-s-crypto-payment-approval">Russia’s Crypto Payment Approval</h2>   
<p>Adding to the bullish sentiment around XRP, Russia has recently approved the use of cryptocurrency for cross-border payments. The regulatory shift could provide a significant boost to the crypto market.&nbsp;</p>   
<p>This could be particularly true for XRP, which is often viewed as a key player in facilitating international transactions. The approval by Russia is expected to increase the adoption of cryptocurrency in global transactions, potentially driving demand for XRP.&nbsp;</p>   
<p>Analysts suggest that this development could further propel XRP’s price as the cryptocurrency becomes more integral to cross-border financial operations.</p>   
<p>XRP is currently at a <a href="https://cryptonewsland.com/xrps-bollinger-bands-signal-possible-rally/" target="_blank" rel="noreferrer noopener">pivotal point</a>, with its recent breakout and Russia’s endorsement of crypto payments setting the stage for a potential surge in value. As of writing, XRP is trading at $0.69 having gained 8.34% and 7.36% in the past 24 hours and one week, respectively.</p>   
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>   
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
  
 <li><a href="https://cryptonewsland.com/brics-shakeup-russia-and-china-accelerate-payment-infrastructure/">BRICS Shakeup: Russia and China Accelerate Payment Infrastructure</a></li>   
 <li><a href="https://cryptonewsland.com/walletconnect-limits-service-in-russia-amid-regulatory-guidance/">WalletConnect Limits Service in Russia Amid Regulatory Guidance</a></li>   
 <li><a href="https://cryptonewsland.com/russias-central-bank-recommends-crypto-use/">Russia's Central Bank Recommends Crypto Use to Bypass Sanctions</a></li>   
 <li><a href="https://cryptonewsland.com/over-50-of-russias-financial-pyramids-in-q1-are-crypto-related%ef%bf%bc/">Over 50% of Russia’s Financial Pyramids in Q1 Are Crypto-Related</a></li>   
 <li><a href="https://cryptonewsland.com/bank-of-russia-to-test-digital-rubles-xrps-success-in-prior-tests-noted/">Bank of Russia to Test Digital Rubles; XRP's Success in Prior Tests Noted</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/xrp-rally-imminent-150-within-reach/">Russia’s Crypto Payment Approval Positions XRP for a Parabolic Rally, is $150 Within Reach?</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Russia’s Crypto Payment Approval Positions XRP for a Parabolic Rally, is $150 Within Reach?

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