- XRP anticipates a price rally following Ripple’s Dubai event like SOL and ADA.
- XRP’s recent 28% surge indicates a positive trend.
- Experts predict XRP could reach $1.69, driven by Ripple Swell and bullish indicators.
XRP, the fifth-largest crypto, is poised for a potential price rally reminiscent of recent successes by Solana (SOL) and Cardano (ADA). Recent market trends and an upcoming Ripple event suggest a bullish trajectory for XRP, much like the surges seen in SOL and ADA.
Solana experienced a remarkable 64% surge due to the highly anticipated Solana Breakpoint conference. Meanwhile, Cardano’s ADA token witnessed a 25.2% increase during the Cardano Summit 2023.
XRP enthusiasts are looking to the Ripple Swell 2023 event in Dubai, scheduled for November 8-9, as a potential catalyst for XRP’s price action. Ripple’s actions significantly impact XRP, given its utilization within Ripple’s financial services.
Even without the Ripple Swell catalyst, XRP has surged by over 28% in the last three weeks, indicating a positive trend. If aligned with significant events like Ripple Swell, XRP could experience substantial price gains.
Market analysts also predict a possible target range between $0.8875 and $1.3617 for XRP, levels last seen in 2021, should positive indicators persist. A similar scenario in 2021 saw XRP rally by 180%, hitting a price target of around $1.69.
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Currently trading at $0.69, according to CoinGecko analytics, XRP has shown strength in recent weeks. This active surge was driven by positive events such as the United States SEC withdrawing from the case against Ripple.
With the Ripple Swell event on the horizon, XRP enthusiasts anticipate further price gains. Indeed, it would be very in tune with Dubai’s support for crypto to further propel the price of XRP amid Ripple Swell 2023.
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