XRP Skyrockets 7%—Here’s What Analysts Say About Ripple’s Next Move

XRP just punched through resistance with a 7% surge—traders are scrambling while Wall Street 'experts' still debate if crypto is a phase. Here’s the breakdown.

### The Rally No One Saw Coming

Ripple’s native token defied the usual sideways grind, spiking 7% in a session. No major news, just pure market momentum—or as crypto OGs call it, 'Tuesday.'

### What’s Fueling the Fire?

Whispers of institutional accumulation and a potential SEC lawsuit resolution swirl. Meanwhile, retail FOMO kicks in—because nothing says 'healthy market' like panic buys and memes.

### The Road Ahead: Moon or Bust?

Analysts peg $1.50 as the next psychological barrier. Bears mutter about overextension; bulls counter with 'macro adoption trends' (and Lambo dealership brochures). One thing’s clear: XRP’s volatility isn’t for the faint-hearted.

### Closing Thought

Whether this pumps or dumps, one group’s guaranteed profit: exchanges raking in fees while traders play high-stakes hopscotch with leverage. Crypto never changes.

The crypto market has recorded a robust rally today, soaring more than 7%, reflecting the soaring risk-bet appetite of investors.

Notably, almost all the top altcoins benefited from the renewed interest from market participants, with the ethereum price leading the gains with an over 8% jump.

XRP price has also taken the market by storm, adding more than 7% during writing, after weeks of consolidation between the $2 and $2.3 levels.

Now, with the ongoing run of cryptocurrencies towards the north, market pundits have shared crucial insights on where Ripple coin might be heading in the near future.

XRP Price Breaks Crucial Target Set By Analyst

XRP price has surged more than 7.3% today in the 24-hour timeframe to break the brief $2.6 resistance.

During writing, it has changed hands at $2.76, indicating robust confidence of the investors towards the asset.

The derivatives data also reflects the bullish momentum that the asset is witnessing. According to CoinGlass data, Ripple coin’s Futures Open Interest recorded a jump of over 12% to $6.39 billion, its highest level since February this year.

However, the Ripple coin’s Relative Strength Index (RSI) has crossed the brief 70 mark, indicating an overbought condition of the asset.

Having said that, some investors might play it safe, as it may allow some market participants to exit with profits in the coming days.

Meanwhile, despite the short-term woes, market experts have remained bullish on the long-term trajectory of the coin.

Besides, breaking the $2.6 resistance also comes in tandem with the latest forecast of analyst Ali Martinez.

In a recent X post, Ali Martinez had predicted a potential surge of xrp price to $2.6. Notably, he shared the prediction when Ripple’s coin was at the $2.34 level, which caught the eyes of market participants.

Can Ripple Coin Rally Sustain?

As the XRP price has continued to make new records after a week of consolidation, investors are evaluating the potential future movement of the coin.

In other words, many are exploring the odds of the ongoing Ripple coin rally sustaining in the coming days.

It’s worth noting that the latest surge has pushed XRP’s value to around 18% in the weekly chart, extending its monthly gains to around 13%.

Amid this, the market experts have shared key insights on what lies ahead for the asset in the coming days.

For context, analyst EGRAG crypto predicts XRP will hit $2.70 to $2.80 before experiencing a pullback, potentially moving higher afterward.

Having said that, it appears that the crypto might witness a short-term correction after reaching the target set by the expert.

On the other hand, Dark Defender’s RSI chart analysis suggests a surge to $3.61 is possible, citing similarities to November’s strength. AltcoinGordon also sees upside potential, targeting $3.40.

However, despite that, the analysts have urged caution as the technical indicators or historical performance do not guarantee future returns.

Here’s More Insights on XRP Price’s Potential Future Movements

Analyst CasiTrades pedicted $2.69 as the next key level, with minimal resistance in between and the coin has already surpassed this level. If the ongoing momentum sustains, XRP price could reach this target.

For those looking to enter a position, CasiTrades advises waiting for a retrace to the $2.45 zone, rather than chasing breakouts.

Now $2.69 is breached, two scenarios are possible: a rejection and pullback or a breakout and support test, potentially leading to a bullish continuation to $3+.

This also comes in tandem with EGRAG CRYPTO’s analysis, which has warned of a short-term pullback once it hits the $2.7 level.

However, despite that, some analysts have remained bullish on the long-term performance of the coin.

Meanwhile, in a recent X post, Javon Marks said that XRP’s historical performance indicates a surge to at least $9.6.

However, as mentioned above, the investors should walk cautiously as the historical performance does not ensure future movements.