XRP Gains 5.5% as Crypto Analysts Set Target Price
Ripple (XRPUSD) has gained 5.5% over the last 24 hours in the cryptocurrency market, supported by renewed short-term interest in altcoins.
XRP is trading at $1.43, its highest on the day, as trading volume spiked by 54% in 24 hours to $4.41 billion on Thursday, according to trading details from a crypto exchange.
The price surge closely mirrored Bitcoin’s 4.88% rise and the total crypto market’s 4.54% increase over the same period. This indicates the move was driven by broad market sentiment.
Crypto analysts said XRP’s rally occurred from deeply oversold levels. The 54% increase in 24h trading volume to $4.41 billion confirms buyer participation in the bounce, though it remains below the 7-day average.
The price found short-term buying interest after a prolonged downtrend, but the momentum is not yet decisively bullish. The immediate technical structure is key. The 61.8% Fibonacci retracement level at $1.44 is the first major resistance.
Technical traders said that if buying pressure continues and XRP reclaims $1.45, the next target is the 50% level at $1.54. The pivotal support to watch is the recent low near $1.32. This suggests the trend remains bearish on higher timeframes, but a short-term consolidation or relief rally is possible.
Canary Capital CEO Steven McClurg predicts that BlackRock could file for an XRP ETF by late 2026 or early 2027. This move is contingent on existing XRP ETF assets—currently around $1 billion—sustaining growth toward the $3 billion mark, which would signal robust institutional demand.
XRP’s current narrative is split between long-term institutional potential and near-term distribution concerns from large holders. #XRP Gains 5.5% as Crypto Analysts Set Target Price
