XRP News Today: XRP Surpasses $3 as Analysts Flag Path to $5–$6 with 95% Upside Potential

XRP recently crossed above the $3 threshold, marking a significant development in the digital asset space. The token saw a 5% gain in the last 24 hours, reaching $3.06, and has maintained its position above critical support levels. Analysts are optimistic, suggesting that a breakout above $3.20–$3.30 could accelerate its movement toward $5–$6 in the short term [1].

Market analyst Crypto Patel has highlighted the recent consolidation phase as a potential catalyst for a larger upward move. According to Patel’s forecast, a 228% increase could push XRP as high as $10. However, it is important to note that such projections are speculative and not guarantees of future performance [1]. Analysts also observe that the $2.00 level remains a key support zone. A breakdown below this level could signal a shift in market dynamics and weaken bullish momentum [1].

Technical indicators support a positive outlook. On the daily chart, XRP has found support around $2.80 and is now trading above $3.00 with growing strength. The token’s last breakout saw a 62% rally, and current conditions suggest the potential for another 95% move, possibly reaching the $5.50 level [1]. The Money Flow Index is currently at 25, indicating oversold conditions and room for further appreciation. The M2 Global Liquidity Index is also trending higher, a historical signal linked to strong XRP performance [1].

Ripple’s expansion into the stablecoin market is further bolstering confidence in XRP’s future. The RLUSD stablecoin recently launched in Japan through a partnership with SBI Holdings. Over 24 million RLUSD units were minted this week, following 134 million issued in the previous month. Ripple’s ecosystem is showing signs of growth, with active addresses rising 17% and transaction volumes reaching $3.5 billion [1]. Institutional-grade safeguards, including reserves held with BNY Mellon and third-party audits, have helped establish RLUSD as a trusted option in the region. Analysts suggest that this development could indirectly support XRP’s price trajectory in the months ahead [1].

While XRP continues to trade above $3, the market remains cautious about its ability to maintain this level. A pullback below $3.00 could disrupt the current bullish momentum, but as long as the key support levels hold, the structure remains favorable for continued gains. With strategic initiatives from Ripple and strong technical indicators in place, XRP is positioned as a focal point in the digital asset landscape [1].

Source: [1] XRP Just Crossed $3 – Analysts See Path to Massive Breakout (https://coindoo.com/xrp-just-crossed-3-analysts-see-path-to-massive-breakout/)