Ripple’s cryptocurrency XRP has managed to witness a massive spike over the weekend. The altcoin managed to emerge as the third largest cryptocurrency as its market cap grew to a high of $142 billion. The cryptocurrency managed to beat other assets like Solana (SOL) and Tether (USDT). The price of the altcoin also followed suit. But the real question is if XRP can continue this surge and reach a high of $3 this week.
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XRP’s Recent Spike
According to recent data, XRP was trading at $2.41 at press time, following a 27% spike over the past 24 hours. In addition, the asset recorded a 60% uptick throughout the weekend. It should be noted that the altcoin surged all the way to a high of $2.49 during this time.
Despite its recent price growth, XRP remains 36% below its all-time high of $3.84. This peak was achieved about seven years ago. The community has been quite hopeless about the asset’s potential growth in recent years considering its legal battle with the US government. But the asset’s latest rise has opened doors to the possibility of XRP surging as high as $4.
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AI Price Prediction
The community has been waiting to witness a notable spike in the price of the altcoin. According to data from CoinCodex, XRP will see a small drop in its price throughout the next couple of days. The asset will trade at $2.31 on December 5.
In addition, the daily volume of XRP is surging as well. The asset’s volume currently stands at $30.81 billion after a 160% increase over the past 24 hours.
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