XRP has drawn renewed investor attention after posting a 5% jump in the past 24 hours, pushing its price to $3.06.
The token’s resilience above key support levels continues to fuel optimism around Ripple’s long-term growth prospects. With adoption trends gaining momentum, XRP remains a focal point in the digital asset space as traders speculate on the next major move.
Analyst Predicts Short-Term Target at $5.50
Market analyst Crypto Patel views XRP’s recent consolidation as a potential springboard for a major rally. He noted that resistance around $2.90 was the critical obstacle, and with that now cleared, XRP may be setting up for a powerful upside. Patel’s projections point to a possible surge of up to 228%, which could eventually send the token toward $10.
The $2.00 level is still considered the most important safety net for bulls. A break below this support could weaken momentum, but as long as it holds, the analyst expects XRP’s bullish structure to remain intact.
Technical Signals Point to Strength
On the daily chart, XRP has established support around $2.80 and now trades above $3.00 with growing momentum. Its last breakout delivered a 62% rally, and the current setup could pave the way for another move, potentially advancing 95% toward the $5.50 range.
Indicators support this outlook, with the Money Flow Index sitting at 25, signaling oversold conditions and room for further gains. Additionally, the M2 Global Liquidity Index is trending higher, a signal historically linked with XRP’s strongest rallies. Analysts argue that a clean breakout above $3.20–$3.30 could accelerate gains toward $5–$6 in the short term.
Ripple’s RLUSD Stablecoin Boosts Confidence
Ripple’s ongoing expansion into the stablecoin sector is adding further confidence to the XRP outlook. Its RLUSD stablecoin recently launched in Japan through a partnership with SBI Holdings. Over 24 million RLUSD was minted this week, adding to the 134 million issued last month.
Ripple’s ecosystem is showing signs of growth, with active addresses climbing 17% and transaction volumes hitting $3.5 billion. Institutional-grade safeguards, including reserves held with BNY Mellon and third-party audits, have made RLUSD a trusted option in Asia.
With Ripple driving adoption and liquidity through RLUSD, many market participants believe this development could indirectly strengthen XRP’s price trajectory in the coming months.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/xrp-just-crossed-3-analysts-see-path-to-massive-breakout/