XRP News Today: XRP Surges 20% as Bulls Target $4.20 Resistance

XRP has been experiencing a significant uptrend, capturing the attention of traders and analysts with its renewed bullish sentiment. Prominent X community analyst XRPunkie has identified the $4 to $4.20 range as the first key area of resistance in the token’s latest rally. This level is becoming a crucial battleground between bulls and bears as XRP tests fresh multi-year highs.

As of the latest reports, XRP is trading at approximately $3.43, having reached as high as $3.65 earlier in the day. This performance follows a strong week where the token gained nearly 20%, driven by whale accumulation, rising open interest in derivatives markets, and a broader crypto market uptrend. The recent surge follows an earlier breakout above the $2.41 mark, a critical resistance point that had held XRP in consolidation for weeks. Once that threshold was cleared, momentum accelerated sharply, validating several bullish technical patterns that had been forming on mid-range charts.

This latest rally is also supported by a break of a descending trendline on the 8-hour chart, a development highlighted by several technical analysts. The breakout pattern is reinforced by increasing volume and renewed market enthusiasm, both of which suggest that XRP is in the early stages of a potentially extended upward cycle.

XRPunkie’s designation of the $4 to $4.20 zone as the first major resistance is rooted in both historical and technical analysis. During XRP’s last parabolic run in early 2018, price action stalled around this very region before facing a sharp correction. That historical memory, combined with psychological round-number significance, makes it a natural level for traders to take profits and reassess market strength. Moreover, the resistance zone coincides with projected Fibonacci extension levels from the $1.50–$2.41 breakout range, adding further technical confluence. If XRP fails to break this level convincingly, it could trigger a temporary retracement back toward previous support levels near $3.00 or $2.65. However, a clear break above $4.20 could open the door to significantly higher targets.

XRP’s rally is not occurring in isolation. The broader crypto market is experiencing a resurgence, with Bitcoin maintaining levels above $118,000 and Ethereum trading north of $3,600. Institutional sentiment has also improved dramatically following the recent passage of the GENIUS Act, a bill that recognizes and regulates stablecoins and digital asset frameworks. This policy shift has enhanced confidence in crypto as a legitimate asset class, helping lift market leaders like XRP. Additionally, Ripple, the company behind much of XRP’s utility, has continued to expand its enterprise payment solutions and CBDC infrastructure, particularly in Asia and Latin America. While legal uncertainty surrounding the SEC lawsuit has largely been resolved since Judge Torres’ 2023 ruling that XRP is not a security in itself, lingering appeal discussions are no longer weighing on the market as heavily as before. This allows investors to focus more on XRP’s fundamentals and technical progress.

XRPunkie’s warning about the $4–$4.20 resistance should not be taken lightly. It marks a logical inflection point in the current cycle, and how XRP behaves around this level will determine whether the rally evolves into a full-scale breakout or pauses for consolidation. Should XRP decisively clear this zone with volume and conviction, upside targets between $4.50 and $5.00 will come into focus, with some analysts projecting even higher levels based on longer-term wave structures. For now, all eyes are on the price chart as XRP approaches the critical resistance range. Traders, investors, and analysts will be watching closely to see whether the token has enough momentum to break through—and, perhaps, chart a new course into uncharted territory.