XRP News Today: Ripple's XRP Surges to $3.66 Record High on SEC Clarity Faces 60% Chances of Testing $4.00 After Short-Term Correction

Ripple’s XRP has surged to a record high of $3.66, driven by institutional accumulation and a shift in market sentiment. The cryptocurrency broke through its 2018 peak of $3.40, signaling a potential new phase of growth. Analysts suggest that while the current trajectory is bullish, a short-term correction is likely before XRP could test the $4 psychological threshold. Key technical levels, including the $3 support zone, will be critical in determining whether the upward trend resumes.

On the daily chart, XRP’s breakout above $3.40 has accelerated through key resistance levels, with the 0.5–0.618 Fibonacci retracement zone now acting as a focal point for consolidation. The 4-hour chart highlights a 30% one-legged rally to its all-time high, followed by a pullback that aligns with typical post-rally volatility patterns. A sustained defense of the $3 level is seen as essential to maintaining the bullish structure, with increased volume potentially fueling another push toward $3.66 or beyond.

The recent surge has been attributed to broader market optimism, particularly following the U.S. Securities and Exchange Commission’s decision to abandon its appeal in Ripple’s legal battle. This regulatory clarity has reduced uncertainty, attracting institutional interest. XRP’s performance has outpaced major cryptocurrencies like Bitcoin and Ethereum, which, despite their own gains, have not matched Ripple’s aggressive momentum. A technical “golden cross” pattern—where the 50-day moving average crossed above the 200-day line—has further reinforced bullish sentiment among traders.

However, caution persists. The Relative Strength Index (RSI) currently nears overbought levels, and the ADX confirms a strengthening uptrend, but a correction remains a base-case scenario. Analysts estimate a 60% probability of XRP reaching $4.00 if it holds above key support, though this projection hinges on liquidity and institutional buy-in. A breakdown below $2.50 could reignite bearish pressure, potentially extending the consolidation phase.

Market participants remain divided on XRP’s sustainability. While some view the under-$10 price point as undervalued, others warn of profit-taking risks. A recent daily chart analysis noted a prior bearish trend that saw XRP fall to $1.6185, though this occurred before the latest rally. This historical context suggests the current movement may represent a consolidation rather than a structural decline. At $10, XRP would command a $600 billion market cap, underscoring its high-risk, high-reward profile.

Stakeholders will closely monitor key price levels and broader crypto market dynamics. While technical indicators and regulatory tailwinds support a $4.00 target, the path remains contingent on overcoming short-term volatility. A successful test of $3.66 could solidify XRP’s position as a major player in the cryptocurrency space, but a prolonged dip below critical thresholds may test investor resolve. The coming weeks will be pivotal in determining whether the rally translates into sustained growth or a temporary surge.