XRP Surges 5% Amid Market Recovery, Eyes $2.57 Resistance

XRP, the cryptocurrency, has shown signs of recovery, currently trading around $2.18-$2.19, marking a 5% increase over the past week. This rebound comes after a period of market downturn, where the price dipped to approximately $1.60. The cryptocurrency has found support in the $2.04-$2.16 range, reinforced by the 50-period Exponential Moving Average (EMA) and a longer-term uptrend, providing a stable foundation for further growth.

The next critical level for XRP is the $2.57-$2.58 range, which represents previous highs from March. Breaking above this resistance could pave the way for higher price discovery levels. The MACD indicator is flattening, which often precedes a reversal in momentum. If XRP can maintain its position above $2.16 and break through $2.30 with substantial volume, bulls may target $2.41 as the next objective.

Despite the positive price action, the XRP ecosystem recently faced a security challenge. Researchers discovered a critical exploit in the XRP JavaScript SDK (xrpl.js), affecting versions 4.2.1 to 4.2.4. The compromised versions were uploaded only to NPM, not to XRPL’s official GitHub repository, suggesting a supply chain attack targeting developers who fetch packages through NPM registries. The malicious code could capture private keys during routine wallet functions and transmit them to an attacker’s server. Fortunately, the compromised code has been removed, and safe updates (v4.2.5 and v2.14.3) are now available. Developers who used the affected SDK versions are advised to assume their credentials are compromised and take immediate action. No funds have been reported stolen yet, but the incident serves as a reminder that even trusted ecosystems can be vulnerable if package registries are compromised.

Some crypto analysts are making bold predictions about XRP’s future value. Technical patterns like the “cup and handle” formation have led to price targets ranging from $33 to $50, with some projections reaching as high as $77 to $100. Market commentator BarriC has gone even further, suggesting that XRP could eventually reach $1,000 per token—a 44,344% increase from today’s value. He claims that someday investors will gladly pay $100 for a single XRP token, viewing that price as a “cheap” entry point. BarriC has even set ambitious timelines, stating that by the sixth Bitcoin halving in 2032, XRP would be considered cheap in the $100 range. Other market analysts suggest it could take longer, with some projecting that XRP could trade at $119 by 2040. These projections tap into long-standing hopes among XRP holders who believe the token’s potential role in global financial infrastructure will drive its value upward. However, skeptics point to the massive market capitalization such prices would imply. At $1,000 per token, assuming XRP’s circulating supply remains steady at 58 billion, the market cap would reach $58 trillion. At full supply, it could approach $100 trillion—figures critics dismiss as disconnected from reality.

The current crypto market sentiment is shifting toward “greedy” on the Fear & Greed Index—an indication that traders are becoming increasingly bullish. As Bitcoin approaches the $95,000 mark, it’s Ethereum that’s quietly leading the charge, outperforming both Bitcoin and many altcoins. This Ethereum strength is often considered a bullish sign for the entire altcoin market, including XRP. If Ethereum breaks above key resistance zones, the market could experience a broad rally across major altcoins, potentially fueling XRP’s upward momentum. XRP’s Bitcoin dominance charts are reportedly coiling in a tight range, signaling a possible explosive breakout. As Bitcoin dominance begins to drop, XRP and other altcoins are expected to benefit substantially.

For investors interested in XRP’s short-term prospects, analysts suggest two potential entry points: a bounce from $2.16 with bullish candle confirmation, or a break above $2.30 on volume, with targets at $2.30 and $2.41, and a stop loss below $2.04. The XRP price reflects both market dynamics and ecosystem development, with investors closely watching for signs of the next major move in this volatile but promising digital asset.