XRP Claims $0.60, Can It Breakthrough To $0.75 This Weekend?

It’s been a while since we’ve seen notable price action documented by ripple XRP, one of the prominent cryptocurrencies in the space. The token has shown a sluggish price pace over the past six months, inching slowly towards its $1 goal. With considerable to-and-fro involved, XRP has finally noted a striking 40% hike in its price, prompting analysts to issue several price predictions for the token.

Also Read: Ripple: AI Predicts XRP’s Price For July 15

Ripple XRP $0.75 Breakthrough

XRP is showing signs of a gradual ascent. The token has finally come out of its dormant zone to trade at the $0.60 price level at press time. With Bitcoin surging to $64K, the crypto market has come out of its sluggish zone to help leading coins reclaim their lost valuations.

According to Egrag Crypto, the XRP $0.60 price move marks a significant step in its quest to breach the $1 target. XRP still needs to break through the critical price juncture of $0.75 to be able to deliver major returns to its holders. The analyst pointed out how the $0.75 price mark is crucial for XRP; adding anything below $0.75 is merely market noise.

“#XRP is on the move: If it closes above 0.65c, it sets the stage for a breakthrough above 0.75c. Anything below 0.75c is just market noise.”

The rumors of the SEC vs. Ripple case finally coming to an end were also rife on Crypto X, triggering buyers’ demand for XRP. This in turn helped the token claim its $0.60 price mark, fueling hopes for the token to hit its coveted $1 mark.