XRP saw a significant price increase of 190% in November 2024, driven by heightened market interest and the accumulation by large wallet holders. This surge led XRP to exceed the $1 mark for the first time in three years, reaching a peak of $1.63 on 23 November 2024.
Following this notable rise, the cryptocurrency experienced a period of retracement, bringing the price to approximately $1.55. Despite this, analysts maintain an optimistic outlook, suggesting the potential for another impressive rally.
Their optimism is partly fueled by the belief that the current bullish momentum could push XRP's price toward a major breakout, with a target of reaching $2 in the near future. This sentiment is supported by ongoing market dynamics and investor enthusiasm.
Fonte: www.thecoinrepublic.com ↗
