XRP : Why Has Its Price Skyrocketed ?
The price of XRP has officially surpassed its previous all-time high of $3.40. It has reached a new peak at $3.65 after a 20% surge. This impressive performance can be explained by several fundamental factors :
- Liquidity Influx : Crypto markets have seen more than $500 billion in capital return over the past two weeks, propelling Bitcoin to $123,000 and Ethereum to $3,400. This abundance of liquidity is fueling the sector-wide rally.
- Resolution of the SEC Lawsuit : The case between Ripple and the SEC is now largely behind us, with both parties having found common ground. This removes a significant source of uncertainty for XRP.
- ETF Speculation : Hopes for an approved XRP ETF in the United States have significantly increased, with chances estimated at over 85% by the end of the year. This prospect is attracting new investors.
- Institutional Adoption : Large institutional investors are increasingly interested in Ripple’s technology, resulting in higher underlying demand.
- Retail Enthusiasm : Small investors are rushing to XRP, fueling the bullish momentum characteristic of market cycles.
How Far Can Ripple Go in the Short Term ?
With XRP already trading at $3.62, a push toward $5 by the end of July is no longer out of reach. However, occasional profit-taking could temporarily cool the rally, especially if XRP reaches $3.80.
Beyond this, analysts forecast ambitious price targets at $3.80, $4.33, and even $4.72 in the coming weeks. As long as XRP remains above the support at $2.90-$3.00, the bullish trend should continue. It is supported by institutional interest and speculative behavior from retail investors.
How to Buy XRP on Bybit ?
- Sign Up on Bybit : Create an account on Bybit by entering an email address and a secure password. Validate your registration via the email received and activate two-factor authentication (2FA) to secure your account.
- Deposit Funds : Log in, access the “Wallet” section, and deposit funds in cryptocurrency (USDT, BTC, ETH) or fiat currency, depending on the available options. Follow the instructions to transfer from an external wallet or via a bank deposit.
- Find the XRP Pair : Go to the “Markets” or “Trading” section and search for the XRP/USDT pair (or other available pair). Check market liquidity to avoid wide spreads.
- Place a Buy Order : Choose a market order to buy at the current price or a limit order to set a target price. Indicate the desired quantity of XRP and confirm the purchase.
