XRP Soars 21% in Seven Days—$3.50 Target Now in Sight

Ripple’s XRP just ripped past resistance levels with its sharpest weekly gain since the 2021 bull run. Traders who dismissed it as ’banker coin’ are now scrambling to recalculate targets.

Key drivers: Whale accumulation spikes, SEC lawsuit clarity, and a brutal short squeeze catching skeptics off-guard. The $1.00 psychological barrier could fall faster than Wall Street’s ’crypto is dead’ narratives last quarter.

Technical outlook: A clean break above $0.90 opens the path to retest all-time highs. If institutional FOMO kicks in? That’s when the $3.50 predictions—once laughed at—start looking dangerously plausible.

Bonus jab: Meanwhile, traditional finance bros are still waiting for their 2% ’high-yield’ savings accounts to compound. Good luck with that.

Crypto Market Makes Big Moves

The crypto market has been experiencing quite a surge over the last few days. Bitcoin (BTC) tested the $105,000 level but has fallen to the $103,000 price point. BTC’s climb to above $100,000 may have led to a boost in investor confidence. XRP and other assets are likely following BTC’s bullish trajectory.

The bullish outlook could also be due to the SEC holding a crypto round table. Investors are likely anticipating a lenient regulatory environment over the next few years.

Ripple’s lawsuit with the SEC was also dropped earlier this year. The case closure has led to a substantial boost in confidence. The fintech company also purchased Hidden Road for $1.25 billion in April of this year. The deal was one of the most significant purchases within the digital asset industry.

XRP Hitting $3.50 Is Closer Than You Think?

XRP has had some rough years. The asset struggled to gain momentum even during the 2021 bull run. The lackluster performance was most likely due to the SEC vs. Ripple lawsuit. With the lawsuit out of the way, XRP may rise to even before seen heights.

XRP is currently down by nearly 24% from its all-time high of $3.40. The asset hit its peak in January 2018, more than seven years ago. XRP could surge to a new all-time high if Bitcoin (BTC) rallies to a new peak. BTC continuing its rally could trigger another market-wide price surge.