In recent days, the XRP token has shown significant upside, attracting the attention of analysts and traders.
Volume Growth and XRP Price Achievements
This week, XRP's price rose to **$2.93**, marking an almost **4%** increase in the past 24 hours. Trading volume surged by 162.03%, reaching **$5.29 billion**. This movement raised XRP's market capitalization to **$175.12 billion**. It also recorded a **4.44%** increase over the week, with market participants noting consolidation above the **$2.90** mark as traders await the next move amid ongoing large inflows.
Technical Level Analysis and Targets
Analyst CW pointed out a clear technical barrier, stating that "real rally for $XRP will be seen after it breaks above its ATH". XRP peaked at **$3.65** in mid-July, which now acts as a decisive threshold. CW explained that the token is following a cycle seen in past surges, usually starting with an explosive breakout before moving into consolidation and correction followed by a strong rally phase. His analysis suggests XRP is already out of the consolidation stage.
Long-Term Prospects and Market Sentiments
Analyst Davie Satoshi highlighted a "textbook Elliott Wave structure" on the monthly log chart, arguing that the corrective cycle has ended and XRP is now entering the third wave of a five-wave sequence, which historically has delivered the sharpest gains. He noted that institutional accumulation is rising, with hedge funds and family offices viewing XRP as a safe hold.
Given the technical patterns and increasing institutional interest, analysts argue that XRP may be preparing for a strong rally phase if the **$3.65** barrier is cleared.
