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Jakarta, Pintu News – The crypto market has once again shown its dynamism with Ripple (XRP) now surpassing the market value of several large corporations such as Shopify, Verizon, and Citigroup. This rise in market value marks Ripple’s (XRP) position as a global asset that not only competes but also outperforms some of the big names in other industries.
Data from Companies Market Cap shows that Ripple (XRP) now has a larger market capitalization than Shopify, Verizon, and Citigroup. Shopify is known as a platform that supports millions of online stores, Verizon serves over 140 million customers, and Citigroup manages trillions of dollars in assets.
Although all three companies have a strong global presence, Ripple (XRP) managed to surpass them thanks to a significant increase in value. This increase comes after Ripple (XRP) recorded a weekly gain of 12%, with the coin’s price breaking $3.10 for the first time in weeks. Market analysts see this as part of a broader recovery across digital assets.
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A crypto analyst, known as a CRO, noted that a weekly bull flag pattern is forming, indicating a potential breakout. If Ripple (XRP) manages to break the key resistance at $3.60, the analyst projects price targets of $6, $13, and even $23. This prediction adds to the optimism among traders and investors.
Additionally, speculation regarding the launch of a Ripple ETF in the United States is the main driver of the current price rally. James Seyffart, an analyst from Bloomberg, stated that the launch of the Ripple ETF by REX-Osprey is likely to happen next week, after a delay from the original schedule.
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Dark Defender, another crypto analyst, revealed that the price of Ripple (XRP) is breaking its initial weekly resistance. The next targets are at the Fibonacci levels of $4.39 and $5.85. Meanwhile, the support levels to watch out for are $3.01 and $2.85.
Egrag Crypto, a different analyst, also confirmed that Ripple (XRP) is in a breakout phase. He showed a symmetrical triangle pattern on his chart, which indicates equal chances of price increase and decrease, at 50% each. If this bullish momentum continues, the price of Ripple (XRP) could reach a new record high of up to $4.2.
With various analyses and predictions illustrating the potential price rise of Ripple (XRP), investors and traders around the world are showing great enthusiasm. The impressive performance of Ripple (XRP) in outperforming the market value of major corporations signals a new era in digital asset investment.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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