- XRP surged 20% in a single day, hitting a high of $3.65 amid heavy institutional buying.
- While analysts see short-term consolidation ahead, long-term forecasts suggest a possible climb toward $10.
XRP has made headlines once again with a powerful price surge that pushed it to a six-year high of $3.65, gaining more than 20% in just one day. The breakout comes after several weeks of steady consolidation near the $3 mark and has stirred fresh excitement among XRP holders.
Institutional Buying Powers the Rally
This dramatic rise wasn’t a fluke. According to analysts , the rally was fueled by three massive breakouts, each marked by over 200 million XRP in trading volume. Such spikes in volume often signal institutional entry, suggesting that major players are now actively backing XRP’s future.
The $3 level had acted as a stubborn resistance in past weeks. Breaking past it with such strength has shifted market sentiment to a more bullish stance. Traders are now watching closely to see if XRP can sustain this momentum and push even higher.
What the XRP Technicals Say
Bitget’s chief analyst, Ryan Lee, sees a mixed technical picture. He points out that the first major support zone lies between $2.65 and $3.00, the same area XRP recently broke through. If a correction occurs, XRP might even dip toward $2.00–$2.17.
On the upside, Lee projects a near-term target of $4.20, but doesn’t rule out a climb to $10 over the longer term. That potential is tied to the broader adoption of Ripple’s payment network, which continues to gain traction globally.
However, not all signals are green. The Relative Strength Index (RSI) remains neutral, while the MACD has turned slightly negative—indications that a short period of price consolidation may occur before the next major move.
Is $10 in Sight?
XRP’s sharp rise and high-volume breakout are certainly encouraging, especially after years of stagnation. Yet, whether the price can break the psychological $10 barrier will depend on a mix of market conditions, regulatory clarity, and Ripple’s continued expansion in the global payment ecosystem.
For now, XRP has reminded the crypto world of its resilience—and its potential.
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