XRP Soars 20% to $3.61 Amid Institutional Demand and Breakout Momentum

XRP surged over 20% in the past 24 hours, hitting $3.61—its highest level since early 2018—driven by institutional buying and breakout traders seizing key volume windows. The rally followed weeks of consolidation near $3, with volatility spiking to nearly 20%, indicating strong market conviction.

According to CoinDesk Analytics, over 200 million XRP was traded during each of the major breakout periods at 05:00, 08:00, and 21:00 UTC, breaking through critical resistance around $3.52–$3.53. The $3.29–$3.30 level served as a reliable support zone, with bulls repeatedly absorbing sell-side pressure.

Bitget Chief Analyst Ryan Lee highlighted short-term price targets of $2.00–$2.17 on the downside and $2.65–$3.00 on the upside. He also pointed to $2.50 as a key pivot level. Longer-term, XRP could reach $4.20 to $10+ by 2030 if Ripple succeeds in expanding its payment infrastructure and regulatory clarity improves.

Lee also cited the possibility of XRP hitting $5.89 in the medium term, especially if crypto ETFs gain approval and institutional adoption accelerates. However, technical indicators are showing mixed signals—RSI remains neutral while the MACD hints at potential near-term consolidation.

Open interest in XRP derivatives surged past $10 billion, the highest since 2021, while funding rates on major exchanges turned positive, signaling growing bullish sentiment and aggressive long positions.

XRP is up nearly 70% over the past 30 days, outperforming all major cryptocurrencies. With rising momentum, market structure shifts, and increasing institutional involvement, XRP’s latest rally may just be the beginning of a broader upward trend.