Macro investor Raoul Pal suggests XRP could see gains up to $5.5 if it breaks through the $2.60 barrier and holds.
Analysts are concerned that if XRP drops below $2.30, it could tumble as low as $1.60, with key support under pressure.
Ripple continues its global expansion, securing partnerships with Zand Bank and Mamo in the UAE for swift cross-border payments.
Despite a drop in XRP futures open interest by 18%, XRP's trading volume has increased by 88% to $4.25 billion, maintaining a market capitalization of $136.51 billion.