XRP has broken through a key resistance level at $2.65, strengthening bullish sentiment among traders. Analysts predict further price increases between $4 and $6 if the current momentum holds.
Strong Market Signals for XRP
According to crypto analyst Jungle Inc (@jungleincxrp), XRP’s recent breakout is backed by a solid combination of technical indicators and market structure. The development of a symmetrical triangle and a bull flag pattern indicates that the asset is ready to increase. These patterns are historically associated with powerful price trends. Consistent whale accumulation over the past few months highlights growing optimism from large holders toward XRP’s future.
Institutional Support and RLUSD Growth
Ripple’s ecosystem has also seen positive growth, especially with RLUSD, its native stablecoin. RLUSD has now surpassed $500 million in market capitalization and is ranked among the top 10 stablecoins globally. There is increased institutional interest in RLUSD, as evidenced by BNY Mellon’s providing custody to the stablecoin. This support contributes to Ripple’s credibility and trustworthiness in the market.
Optimism for XRP's Future
Analysts suggest that the price of XRP at $6 represents a maximum increase of 117 percent from the current XRP price of $2.76. Given powerful technical indicators and the increase in institutional involvement, experts believe such a surge is likely to occur now more than at any point in previous cycles. XRP's break above $2.65 has triggered a fresh wave of optimism.
XRP's breakthrough above $2.65 is creating optimistic sentiment in the market, supported by whale accumulation and rising interest in the RLUSD stablecoin.
