The digital currency market is on an upward trend, with all eyes on Ripple (XRP). After a volatile week where Ripple dropped to $2.20, the conditions have changed. XRP trading volume has surged nearly 58% in the past 24 hours to $3.09 billion, indicating optimism in the market. Price-wise, XRP has grown by 2.5% in the past 24 hours, reaching $2.47. Over the week, Ripple has seen over 6% price increase. If this trend continues, the price may hit $3 in the short term. XRP’s growth aligns with overall market improvement, with Metaplanet’s 150-Bitcoin investment boosting demand. Ripple’s current uptrend is primarily driven by its internal factors. The potential launch of an exchange-traded fund (ETF) for XRP remains a focal point for investors. Additionally, updates to Ripple’s XRPL have given investors a positive outlook on Ripple’s future. The resolution of Ripple’s legal issues is also a significant factor in XRP’s recent growth. According to technical analysis, a key resistance level for Ripple is around $3, and surpassing this level may bring XRP closer to its all-time high.
