XRP price surged 25% in 24 hours, reaching a high of $1.438 before stabilizing at $1.386. This increase reflects a 74% weekly and 163% monthly gain, contrasting with the broader market's modest growth of 3.65% and Bitcoin's 2.2% rise. Key factors contributing to XRP's performance include Ripple's expanded partnership with Mercy Corps Ventures, which focuses on financial inclusion in emerging markets and involves the use of the XRP Ledger and a new stablecoin initiative. Additionally, XRP's open interest in futures trading has hit a record high of $2.41 billion, signaling bullish market sentiment. Price targets for XRP are becoming increasingly ambitious, with predictions ranging from $8 to $13, fueled by strong technical indicators. Analysts note that XRP is facing resistance around $1.40; if surpassed, it could continue to rise significantly.

Source 🔗