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XRP Price Rockets 297%, Sets Sights on $6.60 Target

Guavy AI Editorial Team
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BTC XRP
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XRP's price surge in November 2024 saw it increase by 297% from its previous high, reaching $1.95 and marking a seven-year peak.

This impressive growth has market analysts predicting even higher valuations, with some foreseeing potential for XRP to hit $6.60 by 2025.

Market analyst Jacob Canfield suggests this price target is based on Fibonacci extensions and comparing XRP's performance to Bitcoin during its last peak, where BTC's price was fivefold its 2017 level.

Canfield noted that this indicates a 'logical price target around $6.60, double its prior peak.'

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