XRP Surges Past $3.60 as Breakout Rally Gains Steam, Analysts Eye Long-Term Upside
XRP rallied over 20% in the last 24 hours, reaching $3.61—its highest price since early 2018—as institutional buyers and breakout traders drove three major waves of volume-led gains.
The explosive move came after weeks of consolidation near the $3 threshold, with price volatility touching 20%, reflecting strong bullish conviction.
According to CoinDesk Analytics, each of the breakout moments—recorded at 05:00, 08:00, and 21:00 UTC—saw more than 200 million XRP traded, helping the asset blow past resistance at $3.52–$3.53.
Throughout the session, the $3.29–$3.30 range acted as a key accumulation zone, where buyers consistently absorbed sell pressure and defended against pullbacks.
“Short-term risk-reward skews from $2.00–$2.17 on the downside to $2.65–$3.00 on the upside,” said Ryan Lee, Chief Analyst at Bitget. “But all eyes are on $2.50 as a critical pivot for further movement.”
Looking further out, Lee projected long-term price targets between $4.20 and over $10 by 2030, assuming Ripple successfully expands adoption of its payments network.
Lee also flagged a potential medium-term push toward $5.89, contingent on developments like ETF approvals and improved regulatory clarity. Still, near-term momentum may stall, with a neutral RSI and bearish MACD suggesting possible consolidation ahead.
Meanwhile, open interest in XRP derivatives crossed $10 billion for the first time since 2021. Positive funding rates across major platforms hint at a strong long bias among leveraged traders.
With a nearly 70% gain over the past month, XRP is now leading the major altcoin pack—and, by many accounts, its rally may just be heating up.
