XRP News Today: XRP Surges 26% Weekly, Eyes $4.20 Breakout

XRP, the cryptocurrency associated with Ripple, has been on a strong upward trajectory recently, with its price currently trading around $2.80. This multi-day rally has positioned XRP as one of the top performers in the altcoin market, with an 8% price surge and a 26% weekly gain. The cryptocurrency is currently following a textbook bullish pennant pattern, which, combined with increasing volume and strong support around $2.53, suggests a sustained move higher. Analysts have identified key resistance levels at $2.83 and $2.90, with a breakout above $3.92—the year-to-date high—likely to confirm a run toward $4.20 and beyond. Some predictions even point toward $6 as a plausible near-term target if institutional momentum continues.

On the daily chart, XRP has been rising steadily, and according to an analyst, if the price can close above $3, it could quickly climb toward its all-time high near $3.40. However, the $2.80 to $3.00 range is acting as a major hurdle. This zone has historically been a strong resistance area, both from past price action and key Fibonacci levels. Until XRP breaks through this, the price may continue to struggle around these levels. On the downside, if XRP sees a pullback, experts are watching the $2.55 to $2.62 range as a possible support zone. This area was a resistance level earlier and could now act as a new support if the market cools down.

Looking at the shorter time frames, especially the 4-hour chart, XRP recently became overbought after a sharp rally over the last few days. The RSI indicator had reached high levels, signaling the market had moved up too fast in a short period. As a result, a small correction or sideways movement was expected, and that’s what has started happening. This cooldown is seen as healthy for the market, helping to reset indicators before possibly continuing its bullish trend. Overall, while the short-term action might be a bit quiet, the larger trend for XRP remains positive as long as it stays above key support levels.

Beyond technical analysis, on-chain data shows that wallets holding over 1 million XRP now control 47.32 billion tokens, indicating strong confidence among large holders. The introduction and growing anticipation of XRP ETFs, as well as Ripple’s RLUSD stablecoin surpassing $500 million in market cap, have added new layers of investor interest. A recent purchase of 1 million XRP worth $2.4 million by a whale investor has raised speculation about potential insider confidence. Ripple’s CEO Brad Garlinghouse has also been actively advocating for favorable U.S. crypto regulation. His recent testimony in Congress has helped improve sentiment, especially in light of the XRP lawsuit potentially drawing to a close. Optimism is growing over a resolution in the Ripple vs SEC case, which could open the door for broader institutional participation.

Looking ahead, experts are increasingly turning their attention to long-term forecasts. One notable analysis using Elliott Wave theory suggests that XRP is preparing for a powerful Wave 3 expansion, often the most explosive phase in five-wave structures. According to this model, XRP price prediction for 2025 could fall between $5 and $9, with $20 or more considered possible by early 2026 if macro conditions align and adoption accelerates. This is consistent with XRP’s past rally cycles, which have experienced gains of between 16x and 60x in previous cycles. Despite the bullish forecast, investors are advised to be on the lookout for crucial levels of support and resistance. Unless XRP is able to break through $2.83, a healthy correction to $2.60 or even $1.90 is likely to be observed. The RSI level of 80 also shows that the asset is short-term overbought. However, if XRP manages to sustain over $2.83 or regain $3.00 with volume confirmation, then the chances of achieving back to 2018 ATH at $3.84 and continuing higher to $4–$6 become a much bigger proposition.

With Bitcoin setting new records and XRP following closely behind, all eyes are on whether XRP can finally break free from years of consolidation and reclaim a leading role in the crypto bull cycle. The combination of favorable technicals, rising whale accumulation, and regulatory clarity gives XRP a compelling case for reaching a new ATH in July—and perhaps even more in the months ahead.