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Ripple’s XRP has garnered significant adoption from multiple cryptocurrency exchanges recently, boosting its accessibility and trading options ahead of a major legal trial with the SEC.
The price of the asset has seen a 5% increase for the day, with experts predicting a significant surge in the near future, citing technical analysis and market conditionsRipple’s XRP has been the subject of adoption from numerous cryptocurrency exchanges as of late.
Bitrue also joined the club, introducing eight new XRP base spot trading pairs. Some of those include XRP/SHIB, XRP/PEPE, and XRP/BONK.Such mass backing from industry leaders occurred last summer shortly after the company secured its first partial court win against the regulator. Back then, Coinbase, Kraken, Crypto.com, Bitstamp, and many moreXRP is among the best-performing cryptocurrencies today from the top 10 list, with its price rising by 5% and reaching $0.64 .
Several analysts remain optimistic that XRP is poised for a substantial move to the upside next month. The X user Dark DefenderEGRAG CRYPTO chipped in, too, stating that the Fibonacci 0.5 level “has held us so far” and claiming that the bulls seem ready to make a significant move. The analyst concluded that those conditions can trigger a price spike of around $1.40 next month.
Those willing to explore seven important signs hinting that XRP’s price could be on the verge of explosive growth throughout 2024, feel free to take a look at our dedicated video below:One Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions.
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