XRP has reached a new year-to-date high of $1.68, marking a 40% increase this week driven by new partnerships and increased trading volumes. Over the past 30 days, XRP's price surged by 232%, coinciding with a significant rise in active accounts on the XRP network, which doubled in November. The positive market sentiment is bolstered by Ripple's partnership with Archax to launch a tokenized money market fund and Bitwise's rebranding of its European XRP ETP. Following a breakout from a bull flag pattern, XRP targets between $1.95 and $2.05, approaching $2 despite bearish divergences observed on mid-term charts and declining trading volumes signaling a possible distribution phase. This could indicate increased risks for a bearish market reversal as traders may be looking to sell.

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