Ripple’s XRP Gains Momentum
Ripple’s native token – XRP – has recently seen significant price increases, with predictions from the analyst Dark Defender on Twitter suggesting a potential rise to $1.05 if it maintains above the $0.66 level. The cryptocurrency experienced a rally, surpassing $0.73 and briefly overtaking Binance Coin (BNB) in market capitalization, becoming the fourth largest digital asset. However, it fell back to the fifth position in market capitalization after Binance Coin regained its earlier spot.
Analyst Predicts a 50% Rally
According to Dark Defender on Twitter, XRP might experience a 50% rally in the short term and soar to as high as $1.05 if it stays above the $0.66 resistance level. The analyst also predicted that XRP might finish 2023 at around $0.90, while in 2024, its price targets were set between $1.88 and $5.85.
XRP’s Brief Moment as Fourth Largest Digital Asset
XRP recently surpassed Binance Coin (BNB) in terms of market capitalization, becoming the fourth largest digital asset with a market cap of around $37.8 billion before falling back to the fifth spot after Binance’s native token managed to reclaim its position.
Hot Take: XRP’s Future Prospects
Ripple’s XRP has shown impressive gains and potential for further growth according to analyst predictions, with a brief stint as the fourth largest digital asset before falling back to fifth place in terms of market capitalization.
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