Currently priced at 2.29 USD, XRP has quickly gained 4.5 billion USD in market cap within a day. This surge follows the Ripple Swell conference where CEO Brad Garlinghouse highlighted Ripple’s commitment to infrastructure and advocating for clearer regulations.
Analysts expect XRP to potentially breach new yearly highs soon, but caution about a sell wall at 2.55 USD, which could impact its upward momentum. The upcoming Crypto Market Structure Bill could further stimulate institutional demand for XRP.
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