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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
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
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