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Here’s why Ripple (XRP) could hit a new ATH this year (analysts)

Analysts predict XRP might reach new all-time highs due to various market indicators. Recently, XRP was traded between 2.25 USD and 2.60 USD. Furthermore, the accumulation of 2.5 billion USD in XRP by large investors suggests strong confidence in the asset, potentially affecting its supply and price dynamics.

Experts relate current market trends to previous bullish runs, particularly forecasting similarities with the 2017 cryptocurrency boom. The recent launch of Ripple’s stablecoin may also foster positive sentiment, pushing XRP toward expected price targets of 4 USD and beyond. Analysts highlight the strengthening outlook for XRP.

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