XRP Soars Over 20%, Hits 6-Year High — $10 Price Target Back in Sight
XRP just had its biggest rally in years — and investors are watching closely.
The popular cryptocurrency XRP jumped more than 20% in 24 hours, reaching $3.61, its highest price since early 2018. The surge was fueled by institutional buyers and breakout traders, with trading volume spiking at several key moments. Now, some analysts are talking about a possible move toward $10 in the long term.
Here’s what’s happening and why it matters.
Big Spike Fueled by Heavy Trading
XRP’s rally didn’t come out of nowhere. It had been quietly building momentum around the $3 mark, with traders accumulating the token in anticipation of a breakout.
According to CoinDesk Analytics, more than 200 million XRP tokens were traded during three key times — 05:00, 08:00, and 21:00 UTC — helping the price push past tough resistance levels at $3.52–$3.53.
Buyers also held strong at the $3.29–$3.30 zone, absorbing selling pressure and showing clear bullish strength.
What Analysts Are Saying
Ryan Lee, Chief Analyst at crypto exchange Bitget, shared both short- and long-term outlooks.
“Short-term price targets range from $2.00–$2.17 on the downside to $2.65–$3.00 on the upside,” Lee said.
Looking further ahead, he added:
“Long-term forecasts suggest $4.20 to over $10 by 2030 if Ripple can grow its role in global payment systems.”
Lee also mentioned $2.50 as a critical level to watch — a potential launchpad for another breakout or a signal of a pullback.
Still, the technical indicators give a mixed picture: the RSI is neutral, and the MACD shows bearish momentum, which could mean short-term consolidation is on the way.
Why This Rally Matters
This surge is more than just a price jump — it shows growing confidence in XRP, especially as it outperformed every other major crypto over the past month. XRP is now up nearly 70% in 30 days, and investor interest is clearly rising.
Open interest in XRP derivatives passed $10 billion for the first time since 2021, and funding rates flipped positive across major crypto exchanges. That’s a sign traders are betting on more gains.
What’s Next for XRP?
XRP’s future will depend on a few big factors: regulatory clarity, possible ETF approvals, and Ripple’s success in expanding its payments network. If things go well, the price could climb even higher.
But in the short term, some ups and downs are likely. Keep an eye on support levels around $2.50 and any major news from Ripple or financial regulators.
Bottom Line: XRP’s breakout to $3.61 is a major move. With strong trading activity, growing interest, and a long-term target as high as $10, XRP is definitely one to watch.
Source: CoinDesk – XRP Rockets 20% to Set Record Highs, With $10 Price Target in Play
