XRP News Today: Ripple's XRP Gains Post-SEC Resolution Eyes 44% Upside to $4.804 Target

Ripple’s XRP has maintained a position above the $2.47 price level, drawing attention from analysts who suggest the asset could break out to new all-time highs (ATHs) in the $4 and $7 range. This development comes amid a broader bullish trend in the cryptocurrency market, with Ethereum (ETH) nearing $4,000 and altcoins showing resilience as they prepare for an anticipated "altseason" peak phase. The price action of XRP, currently at $3.3, indicates strong momentum, with technical indicators pointing toward potential targets of $4.804 and $7.138 [1].

The bullish outlook for XRP is attributed to its recent legal resolution with the U.S. Securities and Exchange Commission (SEC), which has removed a significant overhang on the asset. Analysts highlight that Ripple’s partnerships and ongoing adoption efforts could further drive demand, positioning XRP as a key player in the altcoin market [1]. A prominent analyst cited in the report notes that the current price above $2.47 signals a critical threshold, with a 44% upside to the $4.804 target and an extended potential move to $7.138 if bullish momentum continues [1].

While the analysis is speculative, it aligns with broader market conditions where Bitcoin and ETH are projected to reach ATHs of $130,000 and $10,000, respectively. However, XRP’s trajectory is seen as particularly compelling given its recent regulatory clarity and historical underperformance compared to other altcoins. The analyst emphasizes that XRP’s current price stability and technical setup suggest it could outperform peers during the next phase of market expansion [1].

Source: [1] [Ripple’s XRP Holds Well Above the $2.47 Price and Aims for Breakout to next ATH Prices of $4 and $7] [https://cryptonewsland.com/xrp-holds-well-above-the/]