Technical Analysis: Crypto analyst JackTheRippler predicts a significant price surge for XRP, targeting a minimum of $8, based on historical patterns of consolidation followed by vertical breakouts. Recent bullish momentum and a breakout from a multi-year triangle pattern support this projection.
Fundamental and Regulatory Factors: Improvements in XRP's fundamentals, including the launch of Ripple’s RLUSD stablecoin and key upgrades to the XRP Ledger, alongside favorable regulatory developments regarding the SEC lawsuit, are enhancing trader confidence and positioning XRP for potential institutional adoption.
