XRP's price has been maintaining strength above $1.05, supported by strong backing at the $1.10 level. Over the past week, significant whale activity saw accumulation of 453.3 million tokens, valued at approximately $526.3 million.
This influx of investment has propelled XRP to its highest price since 2021, breaking the $1.18 mark. Additionally, there has been a notable 10% increase in XRP Futures Open Interest, signaling growing confidence among investors.
Analysts are optimistic, projecting potential price targets of $3 in the short term. Looking further ahead, there is speculation that XRP could reach as high as $7.5 by 2025, reflecting positive sentiment within the cryptocurrency market landscape.
