XRP News Today: XRP Surges 4% to $2.35, Eyes $3.80 Rally

XRP has reclaimed the $2.35 mark after weeks of tight consolidation, confirming a breakout that has garnered significant market attention. This move has set the stage for a potential rally toward $3.7978, with key levels now acting as support due to the surge in volume and the tightening of price structure.

XRP's recent price action has been characterized by a clean recovery from $2.25, supported by higher lows and rising market interest. The cryptocurrency cleared neckline resistance around $2.33, breaking free from its compression zone with a strong, structured push. This move followed the formation of an inverse head-and-shoulders pattern, with a head near $1.90 and shoulders between $2.10 and $2.20. The price reclaimed $2.33 and broke out sharply, supported by larger candles and rising volume through the neckline zone.

Fibonacci levels at $2.4558, $2.5585, and $2.6499 now define the upside ladder for XRP. The cryptocurrency has already cleared the 0.5 and 0.618 retracement zones around $2.10–$2.15, flipping former resistance into support. The structure remains intact, with $2.34 now acting as a key base. This alignment suggests that XRP is poised for further gains, with the next confirmation point at $2.4558, followed by the 1.618 extension near $2.6499.

XRP's weekly structure aligns with its breakout targets, having pushed above a wedge that began in late 2024. This move has triggered a clear shift in directional momentum, with price continuing to trade above the $2.25–$2.40 zone. This range is now reinforcing as solid breakout support, further validating the bullish sentiment surrounding XRP.

Targets at $2.9957, $3.4093, and $3.7978 reflect past rejection levels and visible gaps in historical trading activity. Traders are closely watching these levels as potential resistance points, with $2.4558 being the next key confirmation point. The momentum remains controlled but directional, with price action showing intent rather than random volatility. This mapped breakout is supported by trend, volume, and structure, indicating that XRP has come alive with precision and purpose. If $2.31 holds, bulls are expected to drive the price higher without much delay.