What’s Driving XRP Right Now 1. Technical Strength & “Full
MYSTICALS
Updated at: 5 hours ago
{"content":"What’s Driving XRP Right Now
1. Technical Strength & “Full Bull” Signals
XRP recently climbed to around $3.66, up nearly 90% since April .
Analysts see potential for a parabolic move targeting $7–$20 if key resistance is breached .
2. On‑Chain Bull Triggers
An MVRV “golden cross” — a bullish long-term on‑chain signal — suggests room for major upside, possibly even toward $22 if history repeats .
3. Market & Institutional Momentum
A bullish forecast anticipates a 60% rally to around $4.47, based on chartist Peter Brandt’s analysis .
Bitget analysts flagged possible gains to $5 by year-end, fueled by growing institutional demand .
The recent surge followed U.S. regulatory clarity—like the GENIUS Act and moves on spot XRP ETF—increasing investor optimism .
4. Forecast Perspectives
Short-term technical weakness may lead to a small pullback — some projections suggest a minor dip (~–2%) before the next leg up .
While some analysts argue a $10 target this year may be ambitious, most expect prices in the $4–$7 range .
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