XRP Surges 3.78% as Cloud Mining and Technical Analysis Fuel Optimism

XRP's latest price was $2.26, up 3.784% in the last 24 hours. XRP, the core cryptocurrency of Ripple, has been recognized for its efficient and low-cost cross-border payments, which are utilized by thousands of financial institutions worldwide. Unlike traditional cryptocurrencies, XRP transactions offer near-real-time settlement speeds and minimal transaction fees, making it a prime example of blockchain technology integrated with real-world applications. This has led to increased optimism among holders, who are exploring methods like cloud mining to generate additional income while holding the currency.

Quid Miner, a UK-based cloud mining platform, has gained attention for its support of flexible cloud mining contracts settled in XRP. The platform, founded in 2018, is committed to using cutting-edge equipment powered by green energy and optimizing intelligent algorithms and cloud infrastructure to provide efficient and profitable cryptocurrency mining solutions. Quid Miner offers a variety of contracts tailored to different needs and budgets, allowing users to earn passive income without managing and maintaining mining equipment.

In the dynamic world of cryptocurrency, accurate technical analysis is highly valued. EGRAG Crypto, a renowned analyst, accurately predicted XRP’s recent market trend by using a multi-SMA framework. He identified key levels of support and resistance, trend formations, and Fibonacci zones, which played out as predicted. EGRAG emphasized the importance of XRP maintaining control above the $1.91 zone to preserve bullish structure and highlighted the significance of the $2.2795 level, corresponding with the 0.702 Fibonacci retracement. XRP’s recent rally to $2.28 marked a successful defense and bounce from this Fibonacci zone, validating EGRAG’s prediction.

After a period of sideways price action, XRP may be approaching a critical technical inflection point. Crypto analyst Maxi (@Maxi_Dec2020) shared a chart highlighting a long-term bullish formation echoing a previous market structure seen in 2017. The chart indicates a possible breakout with a long-term target of $8.00, outlining two distinct symmetrical triangle formations. The first formation, between 2014 and 2017, resolved in a breakout that propelled XRP to its all-time high in early 2018. The second formation, spanning from 2021 through 2024, has also broken out, suggesting a potential rally toward $8.00. Maxi’s analysis emphasizes Fibonacci extension levels, which align with the 2017 pattern, and momentum indicators support the structural analysis, indicating a possible rally toward $8.00.

A well-known voice within the XRP community, Edoardo Farina, has shared new projections for the token’s price trajectory over the remainder of 2025. Despite the bearish sentiment across the broader cryptocurrency market, Farina remains optimistic about XRP’s potential performance. He projected that XRP could recover its position above the $3 threshold as early as June, citing technical and market trends that suggest XRP can once again surpass $3. Farina’s analysis indicates that XRP could reach $10 or more by the end of the year, offering insights into both mid-year and year-end expectations for the token’s price trajectory.