TL;DR

  • XRP briefly touched $0.60 but trails behind many other cryptocurrencies in terms of weekly gains.
  • However, analysts believe it can experience a significant rally under some important conditions.

Is It Time for XRP to Shine?

Ripple’s XRP witnessed a solid resurgence in the past week, with its price jumping by 14% and briefly crossing $0.60. However, it slightly retraced in the past 24 hours to the current $0.585.

XRP Price, Source: CoinGecko

While XRP is in the green zone on a weekly scale, its gains are much less substantial than those of other leading cryptocurrencies. Recall that Bitcoin (BTC) hit a new ATH of over $84,000 earlier today (November 11), Cardano (ADA) has exploded by 80% in the past seven days, and Dogecoin (DOGE) tapped a three-year high of $0.31. 

Nonetheless, several analysts remain optimistic that Ripple’s native token has yet to make the headlines. One person touching upon the matter was X user LEB CRYPTO. The trader predicted that XRP “can full send” once Ethereum (ETH) and Solana (SOL) “cool down.” 

It is worth noting that ETH had lost some steam in the past 24 hours, with its price dr

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Author: Dimitar Dzhondzhorov

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