Ripple’s XRP Price Surges 15% in 24 Hours, Eyes $3 and Beyond
Ripple’s native crypto XRP has witnessed a strong surge gaining 15% in the last 24 hours while setting the stage for a rally to $3 and above. Today’s XRP price surge to $2.42 comes along with a 120% surge in the daily trading volume reaching over $10 billion showing strong bullish momentum.
The surge comes as the bulls defended the $2.0 support following the recent crypto market correction. Popular analysts predict a surge to $13 and beyond. Furthermore, Ripple CEO Brad Garlinghouse has hinted at working on real-world utility as we head into 2025.
Where Is XRP Price Heading Next?
With Ripple bulls stepping in, the XRP price daily close above $2.12 confirms that the bullish action remains intact for the Ripple cryptocurrency.
Crypto analyst EGRAG Crypto has identified critical resistance levels to monitor in the coming sessions: $2.60, $2.65, and $2.75. Breaking through these thresholds could pave the way for higher price targets, potentially signaling a bullish breakout above $3. Additionally, the XRP whale activity could support the broader momentum.
Moving into 2025, market analysts remain bullish on the Ripple cryptocurrency predicting double-digit price targets and new all-time highs above $10. With the expectation that the XRP lawsuit will end soon, analysts are overly bullish for the altcoin based on its technical setup.
Ripple Is Betting on Donald Trump’s Swearing in?
With the start of the New Year 2025, Ripple Labs has released a total of 500 million XRP from the escrow, which could be a sign of the company’s confidence in the cryptocurrency’s future.
Bhushan Akolkar
Conclusion:
The XRP price surge is a significant development in the cryptocurrency market, and it’s essential to monitor the price action closely. The bullish momentum is expected to continue, with analysts predicting a surge to $13 and beyond. However, it’s crucial to remember that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.
FAQs:
Q: What is the current price of XRP?
A: The current price of XRP is $2.42.
Q: What is the daily trading volume of XRP?
A: The daily trading volume of XRP has surged to over $10 billion.
Q: What are the critical resistance levels to monitor in the coming sessions?
A: The critical resistance levels to monitor are $2.60, $2.65, and $2.75.
Q: What is the expected outcome of the XRP lawsuit?
A: The expected outcome of the XRP lawsuit is that it will end soon, which could lead to a surge in the cryptocurrency’s price.
Q: What is the technical setup of XRP?
A: The technical setup of XRP is bullish, with analysts predicting double-digit price targets and new all-time highs above $10.
