XRP News Today: XRP Surges 4% Amid Altcoin Rally and ETF Inflows

XRP is showing renewed signs of strength following a recent pullback, with the token climbing nearly 4% in the last 24 hours to $2.98. Despite a 7.96% decline over the past week, XRP has surpassed $3 for the first time since 2018, outperforming Bitcoin and Ethereum, which posted gains of 0.50% and 2.50%, respectively. This rally is driven by renewed interest in altcoins and inflows into spot ETFs, positioning XRP as one of the top-performing cryptocurrencies [1].

The price action suggests a key rebound from the $2.75 support level, with XRP surging over 5% daily to approach the $3 threshold once again. This movement has triggered a sharp increase in open positions, now exceeding $7.3 billion. Leveraged positions connected to Ripple-linked altcoins are also showing signs of liquidation, potentially reinforcing a broader upward trend in the crypto market, with XRP at the forefront [1].

Buyer activity has intensified following the pullback, easing short-term selling pressure and signaling potential for a continuation of the bullish trend. Analysts suggest that the liquidation of leveraged short positions near $3.06 could push XRP above the crucial $3 psychological level in the near term. Increased trading volume and active buying further support this optimistic outlook [1].

Crypto commentator EGRAG CRYPTO has warned against panic selling, noting that the recent price wick on the two-month chart is setting up what could be the most significant candle formation in XRP’s history. He emphasizes that traders who remain steady during this consolidation phase may be positioned to benefit from a major upward shift in the token’s trajectory. His technical analysis highlights key trendlines such as the “Line of Hestia” and the “Troposphere” range, indicating that XRP remains well-supported above critical levels [1].

Analyst projections for XRP diverge, with EGRAG Crypto suggesting potential price targets of $4.89 (linear scale) and $48.90 (logarithmic scale), averaging at $27. Javon Marks, meanwhile, forecasts a target of $4.80, contingent upon XRP holding above the $2.47 support level. These forecasts reflect differing views on the token’s potential in the medium to long term [1].

Market sentiment remains cautiously optimistic, particularly within the XRPFamily community. Strategic buyers have continued to accumulate positions ahead of the U.S. market open, despite broader macroeconomic concerns including U.S. import tariffs and the Federal Reserve’s reluctance to cut interest rates. These factors, however, appear to have had limited impact on XRP’s momentum thus far [1].

Technical indicators offer a mixed outlook. A bearish "death cross" in the MVRV ratio has raised concerns about potential corrections. 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 could trigger further selling [1]. XRP is currently consolidating within a bullish pennant pattern, with a potential breakout toward $4 anticipated. A retest of the 50% Fibonacci level at $2.93 and a move above $3.5527 could signal a stronger uptrend [1].

Mainstream media coverage has also fueled discussion. USA Today recently labeled XRP “the smartest cryptocurrency to buy with $500 right now,” a statement some analysts interpret as a peak indicator. EGRAG, however, remains bullish, forecasting a long-term price target of $27, assuming XRP maintains consolidation above $3 [1].

With Ripple’s valuation now reaching $15 billion, analysts argue this strengthens the case for a bullish breakout. Strong RSI momentum and key support at $2.7346 suggest potential for a move toward $3.65, should XRP break through current resistance levels. While some see the recent recovery as a sign of more predictable growth, others remain cautious about the rally’s sustainability [1].

The next move for XRP will depend on its ability to consolidate above $3. A successful retest of this level could signal a broader bullish trend, while a breakdown would likely lead to a deeper correction. Market participants are advised to monitor both technical signals and institutional activity as the token enters a critical phase [1].

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/)