XRP Price Today: XRP Hits $2.55 After 4.3% Surge, Eyes $9.90 Breakout in 2017-Like Rally
XRP price surged to $2.55, showing resilience and technical patterns resembling its 2017 rally, with analysts targeting a potential $9.90 breakout.Summary
The XRP price has stabilized around $2.55 after recent volatility, reflecting growing buyer confidence and an 8.4% rise over the past week. Traders are watching the $2.65 resistance level, as a confirmed break could signal further gains.
Technical analysis draws strong parallels between XRP's current chart structure and its 2017 bull run, where a significant correction preceded an explosive move. Analysts suggest that if this pattern repeats, XRP could target $9.90, representing over 300% upside from current levels, based on historical correction percentages.
Adding to the bullish sentiment, institutional interest is growing, evidenced by T. Rowe Price filing for an active crypto ETF that explicitly includes XRP alongside other altcoins. This move suggests accelerating institutional adoption beyond Bitcoin and Ethereum, potentially leading to significant inflows if the technical breakout materializes.
(Source：Brave New Coin)