Jakarta, Pintu News – The recent upswing in the cryptocurrency market has brought Ripple (XRP) into the spotlight with the biggest weekly gain of the year. With a gain of over 14% in the past week, Ripple (XRP) has now surpassed the $3 price, approaching its previous record high.
In July this year, the price of Ripple (XRP) peaked at $3.66, but fell to as low as $2.70 due to a market correction. Since then, Ripple (XRP) has tried to recover but has been hindered by the key resistance level of $3.10 which has been a stumbling block since August. The falling wedge pattern formed on the daily chart of Ripple (XRP) suggests a possible change in direction due to reduced selling pressure and increased buying interest.
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Lark Davis, a market expert, recently shared his views on social media platform X (formerly Twitter), saying that if Ripple (XRP) can maintain its momentum, the price could reach around $4, which means a potential upside of around 33%.
However, this bullish view is contingent on Ripple’s (XRP) ability to consolidate above the $3 threshold, which would confirm the breakout of the bullish pattern and pave the way for further price recovery.
In contrast to Davis’ optimistic view, market analyst Ali Martinez expressed skepticism, arguing that although a breakout is possible, it will probably only reach the $3.60 price target, essentially retesting the previous peak rather than reaching a new record.
Despite the dissent, the general sentiment is trending towards potential upside, driven by anticipation of the exchange-traded fund (ETF) approval that may soon be granted by the US Securities and Exchange Commission (SEC) to invest in Ripple (XRP).

The possibility of institutional funds entering the Ripple (XRP) market is intriguing, but it remains to be seen whether such funds will have a substantial impact on the price of Ripple (XRP), especially considering the precedent set by similar investments in Bitcoin (BTC) and Ethereum (ETH) in 2024 after gaining their regulatory approval.
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