XRP News Today: XRP Surges 4% Breaking $2.65 Resistance Level

XRP has recently broken through the $2.65 resistance level, sparking optimism among traders and analysts alike. This significant milestone has set the stage for potential further gains, with some analysts predicting that the cryptocurrency could surge to between $4 and $6 if the current momentum continues.

According to crypto analyst Jungle Inc, the recent breakout is supported by a combination of technical indicators and market structure. The development of a symmetrical triangle and a bull flag pattern suggests that XRP is poised for a substantial price increase. These patterns are historically associated with powerful price trends, indicating a strong upward momentum for the asset.

Whale accumulation has been a notable trend over the past few months, with large holders consistently adding to their XRP positions. This accumulation often precedes major rallies in the crypto market, further bolstering the bullish sentiment surrounding XRP. Additionally, the rise in derivative activity, including futures and options open interest, points to increased trader activity and supports the argument for an additional upswing.

Ripple’s ecosystem has also seen positive growth, particularly with the adoption of RLUSD, its native stablecoin. RLUSD has surpassed $500 million in market capitalization and is ranked among the top 10 stablecoins globally. This growth is expected to continue, with Ripple aiming to place RLUSD in the top five by the end of 2025. The increased institutional interest in RLUSD, as evidenced by BNY Mellon’s provision of custody services, further enhances Ripple’s credibility and trustworthiness in the market.

RLUSD’s inclusion in essential payment systems such as Transak and OpenPayd has broadened its use in cross-border transactions and crypto-fiat exchanges, improving its overall value. This adoption has contributed to a surge in institutional investor confidence, further driving the market’s optimism for XRP.

Given the powerful technical indicators and the increase in institutional involvement, experts believe that a surge to the $6 mark is more likely to occur now than at any point in previous cycles. The XRP price of $6 represents a maximum increase of 117 percent from the current price of $2.76, making it a significant target for traders and investors.

With whale accumulation, rising open interest, and stablecoin adoption, the market is closely watching for a continued push toward the $6 mark. The recent break above $2.65 has triggered a fresh wave of optimism, and the coming weeks will be crucial in determining whether XRP can sustain its upward momentum and reach its price target.