XRP News Today: XRP Surges Past $3 Amid Altcoin Rally and ETF Inflows

XRP, the native token of Ripple, has recently surged above $3 for the first time since 2018, reaching $3.03 amid a broader shift in investor attention from major cryptocurrencies like Bitcoin and Ethereum. The token's performance has outpaced its peers, with Bitcoin and Ethereum recording gains of approximately 0.50% and 2.50%, respectively. XRP's rally has been fueled by renewed interest in altcoins and inflows into spot ETFs, positioning it among the top-performing cryptocurrencies [1].

Ripple’s XRP has seen a significant rebound from the $2.75 support level, surging more than 5% in daily gains and approaching the $3 threshold once again. This movement has led to a notable increase in open positions, now exceeding $7.3 billion, triggering leveraged movements linked to altcoins connected with Ripple [1]. Such developments may result in the liquidation of short positions, potentially reinforcing an upward trend in the broader crypto market, with XRP leading the charge.

Buyer activity following the pullback has eased selling pressure, suggesting a continuation of the bullish trend. Analysts predict that the liquidation of leveraged short positions near $3.06 could push XRP above the crucial psychological level of $3 in a short timeframe. Increased trading volume and active buying further support this optimistic outlook [1].

Analysts like EGRAG Crypto and Javon Marks have expressed cautious optimism regarding XRP’s trajectory, though their projections differ. EGRAG Crypto outlined potential price targets of $4.89 on a linear scale and $48.90 on a logarithmic scale, with an average estimate of $27. Javon Marks, on the other hand, has set a target of $4.80, contingent upon XRP holding above the $2.47 support level [1]. These forecasts reflect diverging views on the token’s medium- to long-term potential.

However, the market remains sensitive to broader economic and geopolitical factors. Recent U.S. trade policies, including new import tariffs on Asia and Europe, along with the Federal Reserve’s reluctance to adjust interest rates, have tempered risk appetite. Despite these headwinds, strategic buyers have continued to accumulate positions ahead of U.S. market open, suggesting that macroeconomic concerns may be overblown in the short term [1].

Notably, leveraged liquidations reached nearly $1 billion in the prior week, significantly affecting Bitcoin and Ethereum, which saw declines of 5% and 12.5%, respectively. Additionally, approximately $1 billion was withdrawn from spot Bitcoin ETFs within two days, pushing prices down to $112,000. A similar $152 million outflow from Ethereum ETFs further intensified downward pressure on the broader crypto market [1].

Technical indicators suggest a mixed outlook. A bearish "death cross" in the MVRV (Market Value to Realized Value) ratio has been flagged as a possible correction warning. On-chain data also shows weakening RSI and MACD indicators, with key support levels identified at $2.48 and $2.80. A break below these levels could trigger further selling [1]. XRP is currently consolidating within a large bullish pennant, with a potential breakout toward $4 anticipated. A retest of the 50% Fibonacci level at $2.93 and a break above $3.5527 could signal a stronger uptrend [1].

Mainstream media coverage has also stirred debate among analysts. USA Today recently highlighted XRP as “the smartest cryptocurrency to buy with $500 right now,” a move some view as a peak indicator. Analysts argue that such bullish media sentiment often precedes a market top [1]. Conversely, Egrag has maintained a more optimistic stance, forecasting a long-term price target of $27 based on the token’s 6-month chart, assuming consolidation above $3 is maintained [1].

The momentum around XRP has also been bolstered by Ripple’s $15 billion valuation, which analysts suggest strengthens the case for a bullish breakout. Strong RSI momentum and key support at $2.7346 indicate potential for a move toward $3.65, should the token break through current resistance levels [1]. While some traders see XRP’s recovery from a recent dip as a sign of shifting market perception toward more predictable growth, others remain cautious about the sustainability of the rally [1].

With XRP trading near a critical support zone, the next directional move will depend on whether it can consolidate above $3. A successful retest of this level could signal a broader bullish trend, while a breakdown would likely trigger a deeper correction. Market participants are advised to remain alert to both technical signals and broader institutional activity as the token navigates its next phase [1].

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Source: [1] Coinedition, [https://coinedition.com/xrp-price-breaks-3-dollars-death-cross-warning/](https://coinedition.com/xrp-price-breaks-3-dollars-death-cross-warning/)