XRP Surpasses $3 Mark, Eyes Potential Breakout to $4
XRP has recently surpassed the $3 mark, reaching a price of $3.10, following a 47% increase since the start of 2025. Key points include:
- 9.89% increase within 24 hours
- 35.25% rise over the past week
- Market cap expanded by 10%
- Trading volumes increased by 70% in one day
- Regained position as the third-largest cryptocurrency by market cap, overtaking Tether USD
Bull Flag Breakout: XRP Targets $4 and Beyond
XRP successfully broke out of a bull flag pattern after exceeding the $2.71 mark, its highest since December 2024. Technical indicators indicate potential for further growth:
- Relative strength index (RSI) near 72
- Trading above 50-day exponential moving average (EMA) of $2.20
- Analysts predict potential targets of $4 or even $6.4
Recent Google Trends data shows increased global interest, with XRP searches surpassing Bitcoin on January 15.
What’s Behind the XRP Rally?
Factors contributing to XRP's surge include:
- Recent legal victories for Ripple Labs in its SEC lawsuit, boosting investor confidence
- Institutional interest, with large investors accumulating over 1.4 billion XRP
- Anticipation of spot XRP ETFs approval following President-elect Trump's inauguration on January 20
- Ripple's strategic partnerships and innovative projects like the RLUSD stablecoin
- Current valuation of $173 billion, enhancing XRP's profile in digital finance