XRP witnessed a notable price surge to $2.32, marking a 2.56% gain over the past 24 hours. The price jump reflects increased market interest and momentum building behind the asset. The upward movement has attracted both retail and institutional traders as XRP’s trading behavior signals renewed strength.
The 24-hour trading volume spiked 74.21% to $3.88 billion, pointing to significant capital inflows. The surge in volume relative to its market capitalization, which now stands at $137.61 billion, pushes the volume-to-market cap ratio to a strong 2.76%, indicating heightened trading activity and growing liquidity across exchanges.
XRP Builds Momentum Toward $2.60
XRP’s chart is forming an inverse head and shoulders pattern often a precursor to bullish reversals. According to crypto analyst Ali Martinez, this structure hints at a breakout toward the $2.60 mark. The pattern suggests building bullish momentum after a phase of consolidation and cautious accumulation in recent sessions.
Traders are closely watching the neckline resistance that would confirm the breakout. A clear move above it could unlock renewed upward momentum. Given current sentiment and technical strength, XRP may be gearing up for a run toward the projected $2.60 target, provided buying pressure remains consistent.
Recent resilience in XRP’s performance has surprised many analysts. The coin has held key support levels even as broader market conditions waver. This underlying strength has given bulls an edge, as positive sentiment builds. If momentum holds, the $2.60 level appears within reach over the short term.
XRP Adoption Could Spark Major Rally
Projections show the global remittance industry will expand from $783 billion in 2024 to $833 billion in 2025. By 2029, the market could exceed $1.06 trillion. If XRP captures 25% of the remittance market and investors apply a network valuation model similar to traditional payments firms, XRP’s market cap could soar to $534 billion.
With a market capitalization of $534 billion and 60 billion circulating tokens, the potential value of XRP could climb to $8.90. In case the U.S. courts deliver regulatory certainty and confirm the statement, which says that XRP’s retail sales are securities, it would be another obvious bull case for the financial institutions to invest in it.
The legal situation would enable more banks and payment providers to enter the market and let them run the transformation process. If the Ripple network grows bigger and public sentiment stays positive, XRP could rise well beyond $8.90. An adoption-led 4× premium may be able to push XRP to $35.56 by 2029, thus indicating it as a leading currency among cryptos.
Also Read: XRP Forecast for 2025 Targets $4.85 After Breaking $3.84 Level
