Highlights
- XRP price recorded a surge of over 4% today, sparking market optimism.
- A top analyst predicted a potential XRP price rally to $3.3.
- Another analyst teases XRP rally to $1,000, sparking market optimism amid a broader crypto market recovery.
XRP price has recorded a surge of over 4% today, indicating renewed market confidence towards the asset. However, the surge comes amid a broader market recovery, with the global crypto market cap soaring nearly 2% to $2.66 trillion. Amid this, top experts have highlighted key price levels for Ripple’s native asset, hinting at a recovery to above $3 in the near term.
XRP Price Soars: What Lies Ahead?
XRP price today was up over 4.5% and exchanged hands at $2.199, while its one-day trading volume fell 31% to $6.59 billion. Notably, the crypto has touched a 24-hour high and low of $2.24 and $2.06. Notably, the crypto’s RSI stood at 44, indicating a shifting momentum in the market. Simultaneously, the asset’s Futures Open Interest rose 2.5%, reflecting the renewed market interest, CoinGlass data showed.
Amid this, renowned analyst Patric Bet-David recently hinted towards a potential XRP rally to $1000, which has fueled market optimism. Besides, the renowned market experts also remained bullish on the future trajectory of the crypto, indicating a strong recovery ahead.
Expert Predicts Rally To $3.3
Renowned expert Rose Premium Signals has predicted a significant rally for XRP price, citing a descending channel pattern on the daily timeframe. According to the expert, this pattern suggests accumulation before the next leg up, indicating a potential surge in the asset’s value.
The expert predicts that a bounce from the current support level of $2.12 could drive the price towards key targets at $2.32, $2.61, $2.90, and ultimately $3.35. This would represent a significant increase from the current price level. Having said that, traders are keeping close track of Ripple’s native asset’s performance, as a breakout from the descending channel pattern could trigger a substantial rally.
Other Experts Weigh In Amid XRP Surge
As the XRP price recorded a surge, other experts also weighed in. Expert EGRAG CRYPTO has reiterated his stance on Ripple’s native asset, hinting towards a potential 700% XRP rally if it repeats its previous performance.
Simultaneously, CasiTrades noted that XRP has found its support at $1.9. As long as the crypto holds above the level, it could continue its run towards the north. Besides, the expert has highlighted the $2.25 and $2.7 as the next resistance levels, breaking which could push the price further high.
This optimism was further buoyed by the latest XRP ETF filing by Franklin Templeton with the US SEC. This has injected a fresh wave of optimism among traders, who are eying further rally for the asset. Highlighting the development, analyst Dark Defender noted “Double digits for XRP will be as easy as a pie.”
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