XRP Rally Under This Condition

The cryptocurrency market recorded an uptick in the past few weeks, with Bitcoin (BTC), Solana (SOL), Dogecoin (DOGE), and other leading assets witnessing substantial gains.

The cryptocurrency market has seen a surge recently, with Bitcoin (BTC), Solana (SOL), Dogecoin (DOGE), and other major assets seeing significant gains.

But Ripple’s XRP has largely missed out on the rally. Its price is down over 10% in the past month, trading at around $0.52 (according to CoinGecko).

However, some optimistic analysts believe XRP is due for a bull run.

One example is the popular X user Dark Defender, who suggested that the token’s price could skyrocket to a new all-time high of $5.85 and even $18.22 if it manages to break through a key resistance level of $0.66.

“And as soon as we see XRP above $0.66, a day, a week, a month, then we will see tremendous moves. $0.6649, the final boss, and was not and still not easy to eliminate.”

The analyst said these targets are achievable as long as XRP’s price doesn’t drop below $0.48 and “most importantly” $0.3917.

“We know and see what is going on in the background. Less people remain in the ship, we see. But I trust myself, Ripple, and XRP. Exciting times are ahead of us,” Dark Defender added.

XRP Adoption on the Rise

Despite its recent poor performance, XRP continues to get more support from major crypto exchanges.

The latest to add the token is MEXC, a Seychelles-based exchange that claims to have over 10 million users.

Other well-known platforms that offer trading services with XRP include Binance, Kraken, Crypto.com, Coinbase, KuCoin, Bitstamp, Bybit, Huobi, and more. Notably, some of these exchanges delisted the asset shortly after the US SEC began its legal battle with Ripple in late 2020.

However, the company achieved a partial court victory in the summer of 2023, and many of these exchanges later restored their services with XRP.

Increased adoption from trading platforms enhances the token’s liquidity, boosting its credibility and accessibility. As such, it could be considered a bullish factor for the price.