XRP breaks key resistance, analysts eye potential rally, making it the crypto to watch this weekend
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- John Bollinger, Bollinger Bands’ creator, said that XRP has remained resilient to the bearish market.
- BNY Mellon and Goldman Sachs are taking stronger interest in crypto under Trump’s administration.
- XRP could potentially soar to the $15 price tag, a massive 500% surge from current prices.
Riding a wave of positive momentum, XRP is currently trading at $2.43, reflecting a 6.31% gain in the past day, CoinMarketCap data shows. Crucially, the digital asset has moved above the 20-day EMA at $2.36.
Adding to XRP’s bullish outlook, crypto analyst Tony Edward, host of the Thinking Crypto Podcast, discussed XRP’s performance, highlighting increased institutional interest in digital assets.
XRP: Institutional Interest and Bullish Sentiment
Institutions such as BNY Mellon and Goldman Sachs have taken a stronger stance on cryptocurrency, mentioning digital assets for the first time under US President Donald Trump’s pro-crypto administration.
Edward noted that BNY Mellon expanded its relationship with stablecoin company Circle and Goldman Sachs acknowledged cryptocurrencies in its annual shareholder letter.
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The post XRP breaks key resistance, analysts eye potential rally, making it the crypto to watch this weekend appeared first on Coin Edition.
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