XRP surged to an intraday high of $2.97 on Binance, marking its most significant price performance since early 2025 and signaling renewed investor confidence. Maintaining its position as the third-largest cryptocurrency by market capitalization, XRP’s valuation stands at approximately $166 billion amid accelerating market activity.
This upward momentum is reinforced by measurable growth in network utilization and heightened retail investor interest. Technical analysts cite these on-chain metrics alongside overwhelmingly bullish market sentiment as key catalysts. Notably, prominent trader DonAlt forecasts a potential $7 price target for XRP, emphasizing its breakout dynamics and supporting this projection with his documented history of accurate cryptocurrency forecasts.
Despite the optimistic outlook, XRP faces hurdles in challenging its 2025 peak of $3.39. Market volatility and external macroeconomic factors continue to pose significant obstacles for sustaining the token’s upward trajectory, requiring sustained momentum to achieve higher resistance levels. Investor focus remains on whether the current breakout can overcome these technical and fundamental challenges.