Analyst Says XRP Has Confirmed Breakout, Sets Price Target

Key Points

1. Analyst Random Crypto Pal declares a confirmed breakout for XRP, projecting a price target of $5, supported by bullish chart structures and technical indicators like the RSI and Ichimoku Cloud.

2. Other analysts, such as Dark Defender, suggest higher targets, including $2.70, $3.40, and potentially $5.85 or $8.76 if bullish momentum continues.

3. Market sentiment has improved, with on-chain data showing increased activity and predictions of XRP-focused spot ETFs and Ripple's RLUSD stablecoin boosting confidence.

4. Key catalysts include the launch of Ripple's RLUSD stablecoin, its approval in Dubai, and speculation about Ripple obtaining a U.S. banking charter, which could accelerate XRP's price rise.

5. Analysts caution that XRP must maintain support above key levels ($2.40–$2.65) to avoid a pullback, but a strong weekly close above $2.65 could lead to rapid gains toward $3.50 and beyond.