XRP continues to trade within a bullish macro structure, though a daily close above the critical $3.12 price level is required to confirm a market bottom and resume sustained upward momentum. Failure to hold the essential $2.65 support could weaken the bullish mid-term configuration, potentially prompting a market correction.
Historical data spanning over a decade consistently demonstrates XRP’s uptrends, suggesting a potential surge to $7.50 could materialize if the $3.12 confirmation level is breached. Analysts indicate $1.20 as a significant breakout entry point for favorable risk-reward positioning.
The cryptocurrency trades at $2.96, registering a slight 1.15% daily gain. Its market capitalization stands at approximately $175.82 billion, solidifying its position as the third-largest crypto asset globally. Trading activity reports $6.92 billion in 24-hour volume despite a volume decrease exceeding 14%, while futures open interest climbs to $788 million.
Market optimism is fueled by high ETF approval chances, with widespread speculation suggesting an 86% probability of launch by late 2025. This anticipation fuels institutional and retail activity.
Analysts remain divided on near-term price targets; some project optimistic levels like $10, though others caution that breaking below the $2.65 support could trigger corrections toward $2.55 or $2.40.