XRP News Today: XRP Tests $2.31 Range Amid Bullish Sentiment

XRP, the cryptocurrency associated with Ripple, has recently shown signs of short-term price increases, with the token testing the $2.31 to $2.32 range multiple times in the past month. This price zone has become a critical hurdle for XRP to overcome before it can aim for higher targets. If XRP can maintain its position above this range, it could potentially test $3 in the near future. A break past $2.35 would signal a move toward $2.56 and beyond.

One long-time supporter of XRP recently shared their personal price opinion on social media, expressing their belief that XRP could eventually hit between $30 and $50. While they acknowledged that this was just their opinion and not a prediction with any specific timeline, it reflects the confidence many XRP holders have in the token’s long-term potential. This optimism is fueled by the ongoing growth in crypto adoption, particularly as more financial firms show interest in tokenized assets. Ripple has been actively involved in this area, acquiring firms and forming partnerships focused on tokenizing real estate, stocks, and U.S. Treasuries.

XRP's participation in the last crypto bull run was limited due to its legal battle with the U.S. Securities and Exchange Commission. However, with the case nearing its conclusion, XRP has the potential to catch up during the next major market rally expected later this year. Ripple CEO Brad Garlinghouse recently announced that Ripple is dropping its cross appeal, and the SEC is expected to do the same, effectively closing this chapter and allowing the company to focus on building the Internet of Value.

Analysts have also provided their insights on XRP's potential price targets. One analyst suggested that XRP could reach $18 by 2026 if it continues to grow and maintain market interest. Another analyst noted that XRP is gaining momentum, particularly in South Korea, and is setting its sights on a bullish breakout toward $2.40. Technical measures indicate that a projected breakout could send XRP toward $5, with some analysts forecasting targets up to $7–$15 should the momentum carry.

Despite the current market trend showing XRP trading at roughly $2.26, down 4.61% in the last 24 hours, the long-term outlook for XRP remains positive. Some analysts estimate that XRP could rise to $4.48 by late 2025 and potentially reach $29.32 by 2030, assuming the token achieves certain milestones. However, the potential for XRP to reach $30 or $50 is not without its challenges. The cryptocurrency market is volatile, and external factors such as regulatory changes and market sentiment can significantly impact price movements. Nevertheless, the optimistic outlook from supporters and analysts suggests that XRP has the potential to achieve these price targets, provided it continues to grow and maintain market interest.