XRP Surges 8.75% as Price Rally Targets $4.33
Altcoins are recovering, with XRP leading an 8.75% surge in the last 24 hours, reaching $2.82 and a weekly return of 21.22%. XRP has surpassed Disney in market cap, becoming the third-largest cryptocurrency.
XRP Price Action and Technical Analysis
- XRP shows a bullish flag breakout pattern.
- A long-legged Doji candle formed on January 13, signaling a post-retest reversal.
- Current price challenges the $2.90 swing high; a successful close above $2.86 may support further gains.
- The daily RSI indicates potential for upward movement.
XRP Price Targets and Support Levels
- Projected price target is $4.33 based on Fibonacci analysis.
- Support level identified at $2.5182 in case of pullback.
Market Sentiment and Network Activity
- Growing commentary on cryptocurrencies; XRP leads in mentions.
- Activity for Bitcoin, Ethereum, Dogecoin, Solana, and Cardano is increasing.
- XRP shows higher overall engagement compared to other tokens.
Whale Transactions Boost XRP Rally
- Transactions over $1 million on the XRP network reached 341 in the past 24 hours.
- Increased transaction volume indicates rising demand and supports bullish momentum.
- Successful breakout above $2.86 could drive XRP towards the $4.33 target.