XRP News Today: XRP Surges 20% Toward $3.40 Target Amid Bullish Sentiment

Crypto millionaire Gordon has recently expressed a bullish outlook on XRP, predicting that the cryptocurrency is set for significant growth. In a recent post, Gordon stated, "XRP is sending, and sidelines will cope. First target $3.40. Easy." This optimistic forecast comes as XRP's price has been surging, approaching the $2.50 mark, driven by positive market cues and broader crypto market trends.

Gordon's prediction aligns with the sentiments of other analysts who have been closely monitoring XRP's performance. The recent surge in XRP's price has been attributed to several factors, including increased market interest and positive developments within the Ripple ecosystem. The cryptocurrency's price has been on an upward trajectory, driven by favorable market conditions and the growing adoption of Ripple's technology by financial institutions worldwide.

XRP has recently shattered several significant resistance zones, including the critical $2.40 and $2.60 levels. This breakout has ignited a fresh wave of bullish momentum, with price action now consolidating just below the psychological barrier at $3.00. The move has also reactivated a long-term V-shaped recovery that began during the 2024 bull cycle, with the $3.40 level forming the neckline of this structure.

Gordon’s $3.40 target aligns with broader technical sentiment. Analysts point to a surge in weekly open interest, up more than 50% in early May, as confirmation of renewed market confidence. Institutional buyers have reportedly entered the scene, while whale wallets are holding firm, providing a strong floor beneath current price action.

The technical picture for XRP continues to strengthen. The asset is forming a series of bullish structures on the daily chart, including an ascending channel and a Morning Star reversal pattern, both of which historically precede strong upward moves. With XRP now trading in the $2.80–$2.90 range, a breakout above $3.00 could serve as the springboard to Gordon’s target.

Support around $2.60 has proven resilient, turning former resistance into a key launchpad. As long as XRP maintains levels above $2.75, bullish continuation remains the dominant narrative. Analysts widely agree that a clean break above $3.00 would open the path to $3.40, a level that also marks significant historical resistance from XRP’s previous market cycles.

Several macro and regulatory tailwinds are fueling XRP’s breakout. Speculation surrounding a potential XRP ETF has returned, adding momentum to the rally. Ripple’s gradual resolution of its legal battle with the SEC has also lifted long-standing uncertainty, further boosting investor confidence.

On-chain data supports the bullish trend. Whale accumulation has intensified, while exchange supply continues to decline, an indication that long-term holders are preparing for a sustained rally. With many investors still on the sidelines, Gordon’s comment that “sidelines will cope” hints at the fear of missing out (FOMO) that could further accelerate XRP’s ascent.

If current momentum holds, analysts predict XRP could test the $3.00 level in the coming days, followed closely by an attempt at $3.40 within the next few weeks. That price point represents not just a technical milestone but a psychological victory for XRP holders, reinforcing the long-term bullish structure.

Gordon’s outlook now appears increasingly validated. With XRP “sending” and capital poised to flood back in, the rally toward $3.40 is not just possible, it’s well within reach.