XRP has experienced a significant price surge, reaching $2.97 on Binance, its highest level since early March 2025. The asset stabilized near $2.81 following the increase, allowing it to reclaim the third position in market capitalization among cryptocurrencies, with a total valuation of approximately $166 billion.
Technical analysts express strong confidence in XRP’s potential for further gains. Analyst DonAlt forecasts a steep upward trajectory, potentially targeting a price of $7. This prediction is based on observed bullish chart patterns and the asset’s performance during a notable rally in Q4 2024.
On-chain metrics and broader market sentiment provide further support for the optimistic outlook. Increased network activity and positive social sentiment have historically preceded sustained price advances, strengthening the bullish case for XRP.
Market veteran Peter Brandt has also contributed to the positive narrative, hinting that XRP might be entering an ‘up only’ phase, signaling the potential for prolonged bullish momentum despite overarching market volatility.
While the ongoing legal case involving Ripple and the U.S. Securities and Exchange Commission (SEC) remains a potential influence on XRP’s future trajectory, the combination of its recent price rally, positive technical signals, and strengthening market sentiment suggests the asset may be entering a pivotal phase.