XRP News Today: XRP Surges 5% as Bulls Target $3.60 Resistance Breakout

XRP has shown renewed bullish momentum, with analysts and Ripple CEO Brad Garlinghouse pointing toward a potential price target of $3.60 amid a retest of key resistance levels. This upward trajectory is supported by strong on-chain data, including $32.68 million in XRP inflows, and increased institutional buying pressure, suggesting a growing appetite for the asset [2]. The recent 5% surge in the last 24 hours has drawn attention to XRP’s ability to stabilize and retest levels that previously acted as barriers, such as the $3.27–$3.31 range [3]. A successful breakout above these levels could open the door to further gains, with analysts forecasting a potential climb toward $3.60 or higher [1].

Technical indicators reinforce the bullish case. XRP has broken out of an extended resistance channel, eyeing a double-digit price target, according to analyst Ali Martinez [1]. Additionally, the Relative Strength Index (RSI) and moving averages suggest localized strength, while increased trading volume underscores the growing confidence in XRP’s potential [2]. Historically, past bullish retests of major resistance levels have led to double-digit percentage gains, and current patterns show similar signs [2].

Brad Garlinghouse has expressed long-term optimism, citing a potential $178 price target for XRP by 2030, though he emphasized this would represent an "extreme bull case scenario." Analyst Tony Severino has also noted a "333% surge within 40 days" if XRP achieves a significant technical breakout [1]. However, such forecasts remain speculative and are not indicative of near-term price movements. The immediate focus remains on stabilizing at the $3.11 support level, following a recent 8% dip over four days [4]. The premium paid for a $3.20 straddle also reflects growing speculative interest in XRP’s volatility [5].

Institutional and whale activity is another key factor driving XRP’s momentum. Increased accumulation and depositor activity across major crypto assets indicate that XRP is gaining traction not just among retail traders, but also with larger market participants [6]. This broader adoption could provide additional upward pressure, especially as the market continues to process post-settlement developments [2].

While more aggressive forecasts suggest potential gains of up to 188%, pushing XRP toward $9.63, these are based on long-term patterns and remain speculative [7]. The market remains cautiously optimistic, with the $3.60 level emerging as a critical target in the near term. Sustained bullish momentum and a clean breakout above key resistance levels will be essential for XRP to maintain its upward trajectory [1][2][3].

Sources:

[1] AInvest - [https://www.ainvest.com/news/xrp-news-today-xrp-rises-5-bullish-signals-3-67-price-target-2508/](https://www.ainvest.com/news/xrp-news-today-xrp-rises-5-bullish-signals-3-67-price-target-2508/)

[2] AInvest - [https://www.ainvest.com/news/xrp-post-settlement-institutional-adoption-price-momentum-era-institutional-confidence-regulatory-clarity-2508/](https://www.ainvest.com/news/xrp-post-settlement-institutional-adoption-price-momentum-era-institutional-confidence-regulatory-clarity-2508/)

[3] Brave New Coin - [https://bravenewcoin.com/insights/xrp-price-today-xrp-holds-key-support-as-bulls-gear-up-for-august-rally](https://bravenewcoin.com/insights/xrp-price-today-xrp-holds-key-support-as-bulls-gear-up-for-august-rally)

[4] Economic Times - [https://m.economictimes.com/news/international/us/xrp-price-prediction-slipping-nearly-8-in-four-days-is-this-sharp-dip-the-calm-before-a-12-60-storm-after-the-sec-win/amp_articleshow/123259677.cms](https://m.economictimes.com/news/international/us/xrp-price-prediction-slipping-nearly-8-in-four-days-is-this-sharp-dip-the-calm-before-a-12-60-storm-after-the-sec-win/amp_articleshow/123259677.cms)

[5] Binance - [https://www.binance.com/en/square/news/xrp-news](https://www.binance.com/en/square/news/xrp-news)

[6] TradingView - [https://www.tradingview.com/symbols/OKX-ETHUSD1!/ideas/?contract=ETHUSD15Q2025&video=yes](https://www.tradingview.com/symbols/OKX-ETHUSD1!/ideas/?contract=ETHUSD15Q2025&video=yes)

[7] Stocktwits - [https://stocktwits.com/symbol/XRP.X](https://stocktwits.com/symbol/XRP.X)