XRP Price Hits $1 For the First Time Since November 2021

WikiBit 2024-11-16 18:48

Ripples (XRP) price has shattered a nearly three-year-long barrier, climbing to $1 for the first tim

Ripples (XRP) price has shattered a nearly three-year-long barrier, climbing to $1 for the first time since November 2021. The milestone comes amid renewed optimism in the

cryptocurrency

market, fueled by bullish sentiment following rising interest and demand for the token.

With trading volumes spiking and investor confidence rebounding, the question now is whether XRP can sustain this momentum or if a correction is on the horizon.

The

Ripple Token

Breaks $1 Barrier After Almost Three Years

Earlier today, XRPs price was $0.85. However, after a bullish engulfing candle appeared on the chart, the price spiked to $1.02, marking the first time the token had hit this level since the 2021 bull market.

This price increase coincides with the positive development around the altcoin since Donald Trumps emergence as US president.

XRP Price Chart. Source: TradingView

This is a developing story…

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