XRP has surged to levels not seen in six years, climbing 20% in a single session—driven largely by institutional inflows and momentum traders seizing on breakout signals.
The rally followed a lengthy period of consolidation around the $3.00 zone. Market volatility spiked near 20%, reflecting the strength of the move. According to CoinDesk Analytics, more than 200 million XRP were traded during key breakout periods at 05:00, 08:00, and 21:00 UTC—helping the token push through the critical resistance zone of $3.52 to $3.53.
Throughout the day, bulls held firm at the $3.29–$3.30 range, which acted as a volume-heavy support zone as sellers were repeatedly absorbed.
Bitget’s Chief Analyst Ryan Lee commented:
“Short-term support sits around $2.00–$2.17, while resistance could extend up to $3.00. A breakout beyond $2.50 may determine the next major trend.”
Lee added that longer-term targets could reach $4.20 to $10+ by 2030, contingent on Ripple’s success in driving global payment adoption. Medium-term projections could see XRP hitting $5.89—especially if regulatory clarity improves and ETF approvals materialize. However, technical signals remain mixed, with the RSI staying neutral and the MACD showing a slight bearish divergence, hinting at a possible short-term cooldown.
Open interest in XRP derivatives surpassed $10 billion—its highest since 2021—while funding rates turned positive across top exchanges, indicating an aggressive tilt toward long positions.
Over the past month, XRP has outperformed all other major tokens, rallying nearly 70%. With momentum building, this could be just the beginning.
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