XRP Price Soars Towards $3: Is a Repeat of 2017 in Sight?

The XRP price has experienced a notable surge, trading above $2.45 amidst broader market gains. Over the past 24 hours alone, XRP has climbed by 3.69%, outperforming both Bitcoin (+0.38%) and Ethereum (+1.2%). This reflects a significant increase of 9.11% over the last week despite a year-to-date decline of 15.24%. This recent rally is fueled by strategic developments like Ripple’s acquisition of Hidden Road, coupled with positive market sentiment stemming from the latest US Consumer Price Index (CPI) report showing slower inflation than anticipated.