Can he still hit $ 5?

The CSRP price remained in the bear market this year, despite the network that receives a series of positive news.

Ripple (XRP) It traded on Saturday of $ 2.10 for 40% of its highest point this year. His market hat dropped with $ 190 billion to 121 billion dollars today. It is currently traded of $ 2.08. Look down.

The KSRP has had numerous working home news this year. First, Teucrium recently launched a 2K Diary Diary of the XRP ETF or XXRP, which has already attracted over $ 24 million assets.

Second, several companies, such as Greiscale, 21Shares, Vistutrees, Canary and Franklin Templeton, all applied for the Spot Fund. Most analysts believe that American securities and exchange commissions will convince these ETFS. Polimarket odds indicate the approval rate of 77%.

Third, President Donald Trump was mentioned as one of the tokens, which will be part of the Strategic reserves of the American Government. Such a move will probably increase the demand for a coin.

In addition, the SEC rejected his appeal to the subject She filed in 2020. years, which ended one of the longest legal issues in the cryptocurnancy industry. The end of this litigation will help the company strike to deal with American banks and money transfer companies. Ripple hopes that these companies will adopt their technology, which is faster and profitable than Swift.

The CSRP price also ignored the growing market share of Ripple USD, his stablecoin whose market hat jumped to almost $ 300 million.

Recently, Ripple gained a hidden roadThe main mediator transmitted over 10 billion dollars of property a day. The company hopes to move some of these transactions to the KSRP book network.

Technical analysis price XRP

The daily card shows that the price of XRP remained under pressure in the last few months. It is still below the 50-day exponential movement and downward trendline connecting the most swings from December.

XRP forms a drop sample wedge, popular sound of Bullish. This pattern contains two descending and convergent trends, often lead to interruption when converging.

Therefore, the coin is expected to have a strong bullish interruption, and the initial goal is $ 3.40, the highest level this year. The movement above that resilience will be signaled to further profit, potentially reaching $ 5.

Bullish Outlook will be invalid if the price falls below this month lower than $ 1.6110.