XRP Price Hits $1 for the First Time Since November 2021

11:49 . Nov 16

XRPUSD

Ripple's XRPUSD price has shattered a nearly three-year-long barrier, climbing to $1 for the first time since November 2021. The milestone comes amid renewed optimism in the cryptocurrency market, fueled by bullish sentiment following rising interest and demand for the token.

With trading volumes spiking and investor confidence rebounding, the question now is whether XRP can sustain this momentum or if a correction is on the horizon.

The Ripple Token Breaks $1 Barrier After Almost Three Years

Earlier today, XRP's price was $0.85. However, after a bullish engulfing candle appeared on the chart, the price spiked to $1.02, marking the first time the token had hit this level since the 2021 bull market.

This price increase coincides with the positive development around the altcoin since Donald Trump's emergence as US president. But besides

that, there have been several reasons why the Ripple native token has rallied to this point

For instance, speculation around a potential XRP ETF has been gaining traction. Additionally, the altcoin experienced a significant uptick in institutional demand recently, coupled with its listing on Robinhood. These developments suggest rising interest in XRP within the U.S market.

that, there have been several reasons why the Ripple native token has rallied to this point

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