$XRP has shown strong bullish momentum, currently trading at $2.20 following an 80% surge in daily trading volume—reaching $4.35 billion. This comes in the wake of intensified whale activity and renewed discussions surrounding Ripple's strategic reserves.
Key Price Targets and Technical Outlook: Prominent crypto analyst Dark Defender has outlined a bullish trajectory for XRP, identifying immediate resistance levels at $2.222 and $2.36. His wave analysis suggests a completed correction at $2.13, with short-term price targets at $3.00, $4.40, and potentially $6.30, fueled by the formation of a 5th Monthly Wave.
Two significant whale transactions—70 million XRP (~$148.3M) and 300 million XRP (~$633.7M)—have been recorded, both moved to unidentified wallets, sparking speculation about strategic accumulation.
Ripple Reserve Inclusion & Legal Milestones: Attorney Fred Rispoli highlighted that, under new legislation in New Hampshire, XRP could be included in the state's Digital Asset Strategic Reserve if it achieves a $500 billion market cap by the end of 2025. At such valuation, XRP could trade near $8.50, with some analysts forecasting potential highs beyond $10.
On-chain and Derivatives Market Activity: Data from Coinglass reveals a 3.28% increase in XRP open interest, now at $3.72 billion, with XRP options open interest and trading volume rising 28% and 20%, respectively.
As Ripple continues to attract institutional attention and favorable regulation, XRP appears well-positioned for further upside.
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