Crypto
XRP Price Eyes $2 Target as Bulls Maintain Momentum
Ripple's (XRP) price has been on an upward trend, reaching $1.70 after a 72% rally last week. However, it pulled back to seek support amid possible profit-taking and an overstretched market trend. The token is currently consolidating near $1.50.
The bullish outlook for XRP stems from improved crypto market sentiment, supported by the US Treasury's long-term bond buyback program and renewed momentum from the SEC to develop clearer industry regulations.
Crypto market sentiment is in the Greed territory, with a Fear & Greed Index reading of 74. This is a marginal improvement from 73 the day before but a notable increase from 41 in the Fear territory last week.