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XRP now achieves highest weekly cost in three years after surging above $1as bullish momentum swells. 
It has achieved its highest weekly close in three years, driven by a surge in bullish momentum within the XRP Ledger ecosystem. 
Between a broader market consolidation following Bitcoin’s rise above $93,000, XRP distinguished itself by climbing 105% over the past week to surpass the $1 mark. 
This significant upswing allowed XRP to reclaim its position ahead of Dogecoin in the cryptocurrency rankings. 
Currently, XRP holds a market cap exceeding $65 billion, marking its largest value in three years. 
Market analyst Cryptoes highlighted this milestone on social media, noting that XRP reached its highest weekly close since 2021. 
Just a week ago, XRP was trading around 50 cents but gained traction due to positive macroeconomic factors, breaking through multi-year resistance levels to hit a weekly high of $1.26 on November 16, before closing at $1.0545. 
XRP’s recent performance has boosted its monthly and yearly gains to 116% and 97%, respectively, making it the top performer among the top 20 cryptocurrencies in the past week. 
Looking ahead, discussions about <a href="https://thecryptobasic.com/2024/11/18/xrp-records-highest-weekly-close-in-3-years-after-surging-past-1/" target="_blank" rel="noreferrer noopener">potential </a>price targets for XRP are gaining momentum. 
Analyst Egrag has suggested a bold target of $17 based on the “Bent Fork” theory, while another analyst, Steph, forecasts a target of $14, citing tightening Bollinger bands and XRP’s correlation with global liquidity. 
Other analysts propose targets of $5, $8, and $11, driven by optimistic regulatory developments in the U.S. and the potential resolution of Ripple’s case with the SEC. 
As of now, XRP is trading at $1.12, reflecting a 14% increase in the last 24 hours. 
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Also Read:&nbsp;<a href="https://franknez.com/xrp-might-now-reach-a-price-range-of-10-15/">XRP Might Now Reach A Price Range Of $10-$15</a> 
The post <a href="https://franknez.com/xrp-now-achieves-highest-weekly-close-in-three-years/">XRP Now Achieves Highest Weekly Close in Three Years</a> appeared first on <a href="https://franknez.com">Daily Market News 🗞️</a>.

XRP Now Achieves Highest Weekly Close in Three Years

FrankNez

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