XRP Price Soars 8% in USD, Analysts Say Rally Just Beginning🚀

XRP has surged 8% this week, reaching $2.4, amid a broader crypto market rally with a 9.6% increase in total market capitalization. Analysts are optimistic, predicting a potential climb to $2.8–$3.2 in the near term, driven by increasing institutional interest, blockchain adoption, and declining Bitcoin dominance, which is boosting altcoins like XRP.

The recent settlement of Ripple’s SEC lawsuit for $50 million has also lifted regulatory overhang, fueling bullish sentiment. Technical indicators show mixed signals: RSI suggests XRP isn’t overbought, but inconsistent trading volumes raise caution. Some analysts warn of a possible fakeout, with a retracement to $2.0–$2.2 before further gains.

Long-term forecasts are ambitious, with projections ranging from $5 by late 2025 to $72.72 by 2030, assuming RippleNet adoption and favorable regulations. However, a 2,500% rally to $27–$33, as seen in 2017, seems unlikely given XRP’s current $141 billion market cap, which would require an unrealistic $3.46 trillion valuation.