XRP News Today: XRP Surges 4% to $3.55 as Analyst Predicts $4 Target

A prominent crypto analyst, 24hrscrypto, has made a bold prediction that XRP will surpass $4 within the next 36 hours. This forecast has sparked renewed interest and momentum in the XRP market. According to 24hrscrypto, the opportunity to buy XRP below $2 has permanently closed, and the next phase of the rally is already underway, with potential targets of $5, $6, and even $7. The analyst emphasizes that once utility tokens like XRP gain momentum, they do not crash, and the price floor is steadily rising.

As of the latest report, XRP is trading at $3.55, reflecting a 4% increase over the past 24 hours. The token recently reached a local high of $3.66 before encountering resistance and slightly retracing. Despite this minor pullback, XRP continues to exhibit strong bullish behavior, forming higher lows and pushing against a significant resistance level at $3.70. Technical analysts observe that XRP has broken out of a prolonged consolidation phase between $2.40 and $2.93, with increasing volume. The current price action suggests a setup for a major continuation if XRP can break above the $3.70 barrier, potentially propelling the token toward the $4 target and beyond.

The recent launch of the ProShares Ultra XRP ETF has been a significant catalyst, attracting more institutional capital into the asset. Additionally, increased regulatory clarity in the United States has created a favorable environment for digital asset investment, further boosting investor confidence. Open interest in XRP contracts has climbed to nearly $10 billion, and over 1.4 billion XRP have been transacted on-chain in the past 24 hours, indicating that both retail and institutional traders are positioning for further upside. Persistent rumors of XRP’s inclusion in government-level digital asset reserves and speculation about a Ripple IPO have also contributed to the bullish sentiment, suggesting that XRP is gaining legitimacy and traction at a rapid pace.

At its current price, XRP needs to climb just over 12% to reach the $4 mark. Given the token’s recent performance and the surge in trading volume, such a move is within the realm of possibility. If the price can hold above $3.50 and break through the $3.70 resistance level, the path to $4 could open quickly. However, analysts caution that volatility remains high, and a failure to hold above support at $3.38 could trigger a short-term dip. Most agree that XRP’s rising floor suggests any retracement would be limited.

24hrscrypto’s forecast reflects the current energy surrounding XRP. While a $4 move within 36 hours is ambitious, the underlying momentum and market structure support the possibility. The opportunity to buy XRP under $2 may indeed be gone, and for those waiting on the sidelines, the market may not look back. With institutional support growing, ETF inflows continuing, and strong technical signals aligning, XRP appears poised for further gains. Whether or not the $4 milestone is reached in the immediate term, one thing is certain: XRP’s trajectory is pointed up, and the market is watching closely.