XRP surged on Monday from under $1.35 to $1.50, its highest level in three weeks, as the US Senate prepares to vote on cloture for the cryptocurrency market structure legislation. This vote, which requires at least 60 votes to advance to formal debate, represents a crucial step for the sector’s regulation in the United States. Analysts are bullish and are targeting $1.74-$1.78 and potentially $2 if there is a sustained breakout above $1.50. The key level to watch is $1.38-$1.40, corresponding to the 100-day moving average.
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