XRP Surges to $3.20 Despite Whale Sell-Off and SEC ETF Delays

The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.

Ripple’s XRP token has defied recent bearish pressures to reach a monthly peak of $3.20. This surge comes despite significant whale sell-offs and ongoing SEC delays on XRP ETF applications. Analysts are now eyeing potential targets of $3.60 and even $6.00 if bullish momentum continues.

  • XRP broke through key $3.00 resistance after multiple attempts, reversing a downward trend from mid-August
  • Whales sold over $120 million worth of XRP in 24 hours prior to the price surge, indicating institutional profit-taking
  • Multiple analysts identify $3.60 as next target with some predicting potential move to $6.00 if bullish momentum continues
Notifications 0