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This is why XRP's price surged 15% today, what will happen next?
Ripple's native cryptocurrency XRP has experienced a strong surge in the past 24 hours, rising 15%, laying the foundation for a rebound to $3 and above. Today's XRP price skyrocketed to $2.42, while daily trading volume surged by 120%, reaching over $10 billion, showing strong bullish momentum.
After the recent cryptocurrency market correction, the bulls defended the $2.0 support level, leading to this surge. Popular analysts predict the price will skyrocket to $13 or even higher. In addition, Ripple CEO Brad Garlinghouse hinted that as we enter 2025, he will focus on real-world utility.
XRP price will go where next?
With the intervention of Ripple bulls, the closing price of XRP exceeds $2.12 every day, confirming that the bullish action of Ripple cryptocurrency is still intact.
Crypto analyst EGRAG Crypto has identified key resistance levels to watch in the coming trading days: $2.60, $2.65, and $2.75. Breaking through these thresholds could pave the way for higher price targets, potentially signaling a bullish breakout above $3. Additionally, XRP whale activity may support broader momentum.