Crypto analyst Cryptoinsight has predicted that the XRP price could rally to as high as $12 soon, citing fundamental and technical factors.
Factors that could contribute to this price surge include recent partnerships, the acquisition of prime broker Hidden Road, and Ripple's acquisition of a payments license in Dubai.
Cryptoinsight also mentioned Ripple's potential acquisition of USDC issuer Circle, increasing odds of XRP ETFs approval, and CEO Brad Garlinghouse's discussions on crypto ETFs.
From a technical perspective, bullish indicators such as a bull flag forming on XRP's weekly chart were highlighted, suggesting a potential uptrend in the XRP price.