In the past week, XRP’s price rose 18.5% and has gained 70.8% since the beginning of this year. Analyst Versan Aljarrah projects that it could serve as a core component for central bank digital currencies (CBDCs), significantly boosting its demand.
XRP has successfully crossed the 3.4 USD resistance level and is on track to reach 4 USD soon, which is vital as it approaches its previous all-time high of 3.84 USD. Analysts suggest that to surpass Bitcoin, XRP would need to rise to about 40 USD while Bitcoin remains stable.
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