Crypto
XRP Breaks Above $1.40 as Bulls Eye $1.50 Price Target
Ripple's XRP token has risen above $1.40 on Friday, reaching its highest point in weeks as bulls aim to push the price above $1.50.
The remittance token has seen a significant surge, rising by over 12% on the day and more than 40% since Monday, reinforcing the bullish outlook.
Market sentiment remains strong, with the Fear & Greed Index climbing to 72 from 62 in just 24 hours, indicating a growing risk appetite that is fueling the current rally.
The increase in capital inflows through spot Exchange-Traded Funds (ETFs) and derivatives has also contributed to the upward momentum, with $13.4 million flowing into XRP ETFs on Thursday alone.