XRP Surges Ahead of Shopify, Verizon, and Citigroup

XRP surpasses Shopify, Verizon, and Citigroup in market value as analysts predict a potential price surge to $6 amid ETF optimism.

XRP has outpaced major corporations like Shopify, Verizon, and Citigroup in market value as its recent bullish rally continues. Analysts predict that the price could reach as high as $6, driven by ETF optimism and growing market momentum.

XRP Surpasses Major Corporations in Market Value

XRP’s market value has surpassed Shopify, Verizon, and Citigroup, positioning it as one of the top digital assets. According to data from Companies Market Cap, XRP’s market cap now exceeds those of the three major corporations. 

Shopify powers millions of online stores, Verizon serves over 140 million customers, and Citigroup manages trillions in assets, yet XRP has surpassed them in valuation. This rapid rise comes after a 12% weekly gain, pushing XRP’s price above $3.10 for the first time in weeks.

This surge signals increased confidence in XRP’s long-term potential. Analysts point to the wider recovery in digital assets as a contributing factor. XRP’s performance has been driven by both growing optimism in the crypto space and speculation about the launch of a Ripple ETF.

ETF Speculation Fuels XRP’s Bullish Momentum

One of the key drivers of XRP’s recent rally is the speculation surrounding the launch of a Ripple ETF in the U.S. Bloomberg analyst James Seyffart confirmed that the REX-Osprey XRP ETF is expected to launch next week. While the launch was initially delayed, it has further fueled optimism around XRP. The launch of this ETF would provide institutional investors with easier access to XRP, increasing its visibility and potentially driving its price even higher.

Traders are closely watching for confirmation of the ETF’s launch, which could give XRP an additional boost. This anticipated event, combined with strong bullish technical indicators, has set the stage for potential price increases in the near future.

Analysts Forecast XRP Price to Reach $6

Several analysts have made bullish price predictions for XRP. According to XRP CRO, the token is currently forming a weekly bull flag pattern, suggesting a potential breakout above key resistance at $3.60. If this breakout happens, analysts project that XRP could reach targets as high as $6, $13, or even $23.

Crypto analyst Dark Defender has identified key resistance levels at $4.39 and $5.85, while also noting that XRP has successfully broken its initial weekly resistance. 

Egrag Crypto, another analyst, believes that XRP’s current breakout could lead to a rally to as high as $4.20 if bullish momentum continues. If this rally holds, XRP may hit new all-time highs.

Source: https://www.livebitcoinnews.com/xrp-surges-ahead-of-shopify-verizon-and-citigroup-in-market-value-as-price-eyes-6/