XRP Revs Up After a Clean Two-Legged Pullback as Ripple Joins Global Billion-Dollar Elite
Main Idea
Market analyst Lingrid predicts XRP could reach $3.40 if it holds its current trendline, while Ripple ranks as the 23rd most valuable private company globally, highlighting its growth and enterprise-grade crypto solutions.
Key Points
1. XRP rebounded from the $2.70–$2.80 support zone and may challenge resistance at $3.40, potentially reaching its all-time high of $3.65.
2. Ripple is ranked as the 23rd most valuable private company globally, with a $15 billion valuation, according to CB Insights.
3. Ripple's inclusion in the top 25 underscores its role as a blockchain infrastructure provider, not just a speculative token trading entity.
4. The company's valuation reflects growing trust in regulated, enterprise-grade crypto solutions and broader blockchain adoption in finance.
Description
Will XRP Soar to $3.40? According to market analyst Lingrid, “XRP bounced from its rising support after completing a clean two-legged pullback, reclaiming bullish posture near the 2.70–2.80 zone. The consolidation phase is forming higher lows, suggesting accumulation within an ascending structure.” She added that if the trendline holds, XRP could break toward the $3.40 resistance, a decisive move above it may ignite the next bullish leg. Based on this analysis, Lingrid highlighted that XRP execu...
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