The leading cryptocurrency XRP Coin is back at the $104,000 threshold
The leading cryptocurrency XRP Coin is back at the $104,000 threshold, signaling a period of exciting developments in the coming week. Tomorrow, positive news from CME is anticipated, potentially impacting XRP’s mid-term growth forecasts. Investors await with bated breath to see what the future holds for XRP’s value.
Factors Behind XRP Coin’s Rise
XRP, one of the largest altcoins by market capitalization, has shown resilience after hitting a low of $1.63 in the week of April 7. Despite the setbacks due to market tariffs, XRP’s losses have been relatively contained compared to other cryptocurrencies. Multiple factors contribute to this stabilization.
Key factors include the $1.25 billion acquisition of Hidden Road, applications for an XRP Coin ETF, and an understanding reached with the SEC. Additional points involve the CME’s XRP options, the RLUSD launch, and efforts to rapidly expand the XRP Ledger ecosystem. Ripple’s IPO preparations are also noteworthy. Remarkably, it has not reached a new all-time high (ATH) for nearly 7-8 years.
Political factors include U.S. commitments to support other projects and Trump’s plans to back U.S.-based cryptocurrency initiatives. Trump’s campaign donations in support of Ripple 
$ 2 and strategies concerning U.S. cryptoreserves further frame XRP’s strategic position.
Moreover, with the ETF approvals deadline set for November, market conditions appear favorable for XRP Coin to embark on a unique rally. Near-term dynamics suggest bullish sentiment with potential further price ascensions.
Price Targets for XRP Coin
XRP maintains its base at $2.08 while having charted its ATH at $3.4. Observers expect continued upward movement, provided there’s no adverse disruption from Bitcoin (BTC) 
$ 105,140. Market performance around the $2.5 range reinforces the expectation of new trials.
The price levels of $2.75 and $2.95 are tentatively followed by $3 potentially holding as the new floor, signaling further strides towards the high target. However, achieving the initial major target of $5 could be demanding without an extended supporting rally.
Post the possible XRP ETF launch, institutional interest could accelerate such momentum within 3-6 months. In summary, the predicted short-term target is $2.75, the medium target is $3.4, and the cyclical aim is $5.
