XRP, the fourth largest cryptocurrency by market capitalization, has been making headlines recently as it prepares for the first ever White House Crypto Summit. The digital asset has seen a surge in price, with many investors and analysts predicting a potential rally towards $5.85.

At the time of writing, XRP is up by X% and is currently trading at $X.XX. This increase in price can be attributed to the excitement surrounding the upcoming summit, which is set to bring together top government officials, industry leaders, and experts to discuss the future of cryptocurrencies and blockchain technology.

The summit, which is scheduled for later this week, is seen as a major step towards mainstream adoption of cryptocurrencies. With the White House showing interest in the industry, many believe that this could lead to more favorable regulations and policies for cryptocurrencies in the future.

In addition to the summit, XRP’s price is also being supported by a key level of support at $X.XX. This level has been tested multiple times in the past and has proven to be a strong support for the digital asset. If XRP can continue to hold above this level, it could pave the way for a potential rally towards $5.85.

Investors and analysts are closely watching XRP’s price action in the coming days, as the outcome of the summit could have a significant impact on the cryptocurrency market as a whole. Many are optimistic about the potential for XRP to continue its upward trend, especially with the support of the White House and a strong technical setup.

In conclusion, XRP’s price is on the rise ahead of the first White House Crypto Summit, and the digital asset could potentially see a rally towards $5.85 if it can hold above a key support level. With the growing interest and support from government officials, XRP’s future looks promising and could lead to further adoption and growth in the cryptocurrency industry.