Key Highlights
- XRP price jumps 20%, nearing $3 with a 600% surge in trading volume.
- Donald Trump reveals plans to include XRP in the US strategic crypto reserve.
- Analyst Dark Defender predicts a mid-term target of $77.7 for XRP.
XRP soared by 20% in the past 24 hours, hitting $2.69 after briefly touching $2.97. Trading volume skyrocketed by 602.41%, reaching $22 billion. With a market cap of $155 billion, XRP now ranks as the third-largest cryptocurrency, with analysts forecasting a potential rise to $77.7.
The rally followed an unexpected announcement from US President Donald Trump, who revealed plans to establish a US Crypto Reserve via Truth Social. This initiative will include XRP, Solana (SOL), Cardano (ADA), Bitcoin (BTC), and Ethereum (ETH).
"A US Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration. I will make sure the US is the Crypto Capital of the World," Trump stated.
Bullish Price Forecast for XRP
Prominent analyst Dark Defender predicts XRP will soon test resistance levels at $5.85, $8.03, and $18.22**, with a mid-term target of **$77.7. Using an Elliott Wave analysis, Dark Defender suggests XRP is in the third wave of a bullish pattern, which typically sees the strongest price movement.
Key observations:
- RSI at 54.12 indicates bullish dominance.
- A retest of lower support levels may precede a push toward $3.
👉 Discover how XRP's inclusion in the US Crypto Reserve could reshape the market
Institutional Interest Defies Market Trends
While the broader crypto market faced $2.9 billion in outflows** last week, XRP attracted **$5 million in inflows, signaling growing institutional confidence. Bitcoin and Ethereum led outflows, while altcoins like Solana and Toncoin also saw withdrawals.
FAQs
Q: Why did XRP surge 20%?
A: The rally was driven by Trump’s announcement of XRP’s inclusion in the US Crypto Reserve, boosting investor confidence.
Q: What is Dark Defender’s price target for XRP?
A: The analyst forecasts a mid-term target of $77.7, citing Elliott Wave patterns.
Q: How does XRP’s inflow compare to other cryptos?
A: Unlike Bitcoin and Ethereum, XRP saw $5 million in inflows, highlighting its resilience amid market volatility.
👉 Explore the latest XRP price trends and trading strategies
Conclusion
XRP’s recent surge underscores its growing prominence in the crypto landscape. With Trump’s strategic reserve plan and bullish analyst forecasts, XRP could be poised for significant gains. Stay updated on developments as institutional interest continues to shape its trajectory.