XRP’s price may surge to 6.5 USD due to a positive formation on its monthly chart. Recently, XRP established support at 0.40 USD, significantly higher than previous levels.

Over the past week, XRP has seen a 3.8% increase and a remarkable 24% gain year-to-date, outperforming other major cryptocurrencies like Ethereum and Solana.

Ripple’s legal victories against the SEC, along with favorable future U.S. Regulations, are enhancing market confidence in XRP. The new stablecoin, Ripple USD (RLUSD), is also expected to expand XRP’s utility.