Cryptocurrency XRP rises to $ 3.1 amid US regulatory decisions

The digital token XRP XRP $2.84 XRP -6.44% Market capitalization $169.13 billion VOL. 24 hours $0.51 billion has risen to $ 3.10 after US Federal Reserve Chairman Jerome Powell signaled a possible rate cut. Based on these statements, analysts are considering scenarios for the token’s growth to the $ 5-$ 8 range if market dynamics maintain a positive momentum.

In recent days, XRP trading volumes have exceeded the average level and amounted to about 58.8 million, which supported the price movement. The currency has demonstrated resilience and has consolidated above $ 3.00, which the market now perceives as key support.

Experts note that a breakout of $ 3.30 will be crucial for further growth. In this case, XRP may receive an impetus for a larger-scale movement towards $ 5 and even $ 8. Technical indicators point to the possibility of this scenario, although the market remains sensitive to short-term fluctuations.

An additional factor in the positive dynamics is the end of Ripple’s long-running dispute with the SEC, which has created regulatory certainty for the asset. This has increased institutional interest and expanded the use of XRP in corporate strategies.

The combination of macroeconomic signals from the Fed, technical support at $ 3.00, and regulatory clarity forms a favorable foundation for further development of the XRP rate. Analysts' expectations for growth to $ 5-$ 8 remain within the forecast scenario, provided that the positive market climate remains.