XRP News Today: XRP Holds Above $2.47 Threshold, Eyes 44% Gains Toward $4.804 Target

XRP has maintained a position above the critical $2.47 technical threshold, with analysts identifying $4.804 and $7.138 as potential targets based on measured moves and Fibonacci levels. The price currently trades at $3.23, reflecting stability following a breakout from a long-term consolidation phase, supported by elevated trading volume and sustained interest from both retail and institutional investors. The $4.804 level, a 44% projection from the current price, represents an immediate upside objective, with $7.138 as the next potential target if momentum holds [1].

Technical analysis highlights XRP’s breakout structure as a bullish catalyst. Javon Marks’ research underscores a rounded bottom pattern formed between 2018 and 2021, followed by an extended accumulation phase. The recent breakout was reinforced by a surge in volume and a sustained move above prior resistance levels, validating the measured move to $4.804 [1]. Analyst CasiTrades further notes that if XRP holds above $3.17 and volume increases, a push toward $3.82 could follow, supported by positive exchange netflows and a four-month low in the Network Value to Transactions (NVT) ratio [1].

Ripple’s strategic initiatives in institutional finance are reinforcing investor confidence. The company’s acquisition of Hidden Road Infrastructure and its application for a U.S. banking license are seen as pivotal steps toward integrating XRP into regulated financial systems. CEO Brad Garlinghouse has emphasized Ripple’s goal to bridge traditional and crypto markets through partnerships, a vision now bolstered by XRP’s reclaiming of the $3.00 level and its proximity to the $3.35 resistance zone [1].

Market fundamentals align with the technical outlook. XRP remains above key moving averages, with volume profiles indicating sustained upside potential as long as critical support zones remain intact. The low NVT ratio suggests undervaluation relative to transaction activity, while positive netflows highlight continued accumulation by major exchanges. These factors collectively support the case for XRP’s ongoing bullish trajectory, though traders are advised to monitor volume dynamics and support level integrity to confirm trend sustainability [1].

Source: [1] [XRP Holds Above $2.47 as $4.804 Target Comes Into Play, Here’s Why It Matters Now] [https://cryptofrontnews.com/xrp-holds-above-2-47-as-4-804-target-comes/]