A recent prediction by prominent crypto analyst 24hrscrypto is igniting fresh interest in XRP. This article highlights key figures, current market conditions, and factors driving the token's growth.
Current XRP Price and Market Conditions
As of the report time, XRP is trading at $3.55, up approximately 4% in the last 24 hours. The token recently surged to a local high of $3.66 before encountering resistance and slightly retracing. Despite the minor pullback, XRP continues to show strong bullish behavior, forming higher lows and pushing against a significant resistance level at $3.70.
Technical analysts note that XRP has broken out of a prolonged consolidation phase between $2.40 and $2.93, clearing critical levels with increasing volume. The current price action indicates a setup for a major continuation if XRP can break above the $3.70 barrier.
Institutional Interest and Momentum Drivers
The recent launch of the ProShares Ultra XRP ETF has been a major catalyst, opening the door for more institutional capital to flow into the asset. Additionally, increased regulatory clarity in the United States has created a favorable environment for digital asset investment, further boosting investor confidence.
Futures markets are also reflecting this growing interest. Open interest in XRP contracts has climbed to nearly $10 billion, while over 1.4 billion XRP have been transacted on-chain in the past 24 hours alone. These figures suggest that traders, both retail and institutional, are positioning for further upside.
Possibility of Reaching $4 Within 36 Hours
At its current price, XRP needs to climb just over 12% to reach the $4 mark. Given the token’s recent performance and the surge in trading volume, such a move is entirely within the realm of possibility. If the price can hold above $3.50 and break through the $3.70 resistance level, the path to $4 could open quickly.
However, analysts warn that volatility remains high. A failure to hold above support at $3.38 could trigger a short-term dip, though most agree that XRP’s rising floor suggests any retracement would be limited.
24hrscrypto’s forecast captures the energy currently surrounding XRP. While a $4 move within 36 hours is ambitious, the underlying momentum and market structure support the possibility. With growing institutional support, ETF inflows continuing, and strong technical signals aligning, XRP appears poised for further gains.