XRP price surged 22% over the past 24 hours, reaching a new all-time high of $3.66, driven by favorable regulatory news in the US. The market cap climbed to a record $216 billion, with daily trading volume over doubling to $22.5 billion. This rally coincided with the US House of Representatives advancing major cryptocurrency bills, boosting investor confidence in Ripple’s stablecoin ambitions and potential regulatory approval for a spot XRP ETF in 2025, with an 85% probability. Analysts highlight bullish technical indicators, including a 'bullish cross' on the moving average convergence divergence (MACD) and suggest that XRP has a target price of $14 based on momentum patterns. The ongoing resolution of Ripple’s SEC lawsuit is also fostering a positive outlook. Despite potential risks, the consensus among experts points to continued price gains in XRP, with many anticipating a movement into double-digit territory based on current market dynamics.

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