Analyst Forecasts Ripple’s XRP $6 Boom as Wallet Growth and Social Buzz Explode ⋆ ZyCrypto

Ripple's XRP Price Struggles Under $2.50 As Almost 3 Billion XRP Flood Binance

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XRP has broken out of months of price stagnation with a bold rally, surging from around $2.30 to $3.12 within 2 weeks. 

Notably, this is its highest level in the past four months. After the sharp surge, it’s now holding above $2.70, as traders and analysts react with varying degrees of enthusiasm and make different predictions.

This price action comes at a time when the broader crypto market is experiencing one of its strongest runs of the year. Bitcoin and Ethereum ETFs are pulling in massive inflows, and retail participation is back across multiple altcoins. It’s within this high-volatility environment that XRP’s breakout has gained even more traction.

According to data from Santiment, XRP’s latest price surge is being mirrored by a sharp rise in both on-chain activity and social buzz. Nearly 7,000 new wallets were created within just 24 hours, while XRP dominated 5.5% of all crypto-related discussions, its highest level of visibility since Ripple’s legal win over the SEC. 

 “XRP has pumped to a high of $2.97 today, breaking out to a 4-month high. This is coinciding with a major increase in network growth (new wallets created) & rise in retail interest across social media.’’ Santiment noted Friday.

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Ali Martinez, a technical analyst in the crypto space, believes XRP’s breakout is only just beginning. His view is based on a multi-year symmetrical triangle pattern, which he says could confirm a long-term bullish breakout if XRP closes above that key level.

When you zoom out on $XRP, it’s hard not to go all in. A weekly close above $3 could set the stage for a rally to $6 or even higher!” he wrote.

Meanwhile, whale activity has also strengthened XRP’s bullish momentum. Analyst Xaif Crypto highlighted one large wallet that opened a $14.03 million long at $2.30, while another added $4.62 million using 3x leverage, amid the ongoing market surge. The number of wallets holding at least 1 million XRP has also hit a record 2,743, which shows that investors are confident in XRP’s future.

Elsewhere, Casi Trades, a technical analyst, shared that XRP broke through the $2.69 Fibonacci level, touched $2.82, and is now retesting the breakout, which is a sign of trend continuation.

However, Casi Trades warned against Fear of Missing Out (FOMO), recommending entries around $2.70–$2.76 for those looking to catch the next wave.

Meanwhile, Edo Farina, a XRP supporter, made his position clear in a recent post, warning that selling early could be costly. He stated, “Selling your $XRP at $10 will be a once-in-a-lifetime mistake, one that most people will never recover from.”

 At press time, XRP is trading $3.01, reflecting a 1.28% drop in the last 24 hours.



Source: https://zycrypto.com/analyst-forecasts-ripples-xrp-6-boom-as-wallet-growth-and-social-buzz-explode/