- XRP Price Analysis: 24% surge to $2.79 on US crypto reserve news, sparking investor optimism.
- Analyst Target: Dark Defender predicts XRP to $5.85, with potential to reach $18 or even $77.
- Bullish Momentum: Technical indicators confirm XRP uptrend, suggesting further gains possible.
XRP has surged 24% over the last day, hitting $2.79 at the time of this report. This significant price jump comes after an announcement from the U.S. President Donald Trump indicating that his President’s Working Group on Digital Assets has been tasked with considering XRP, Solana (SOL), and Cardano (ADA) for inclusion in a crypto strategic reserve
This news set off strong investor optimism, with ADA also seeing a substantial climb, up over 60% within the same 24-hour period. Subsequently, President Trump expanded the list to include leading cryptocurrencies Bitcoin (BTC) and Ether (ETH), calling them the “core of the reserve.”
Analyst Dark Defender Predicts Further XRP Price Rises
Meanwhile, well-known analyst Dark Defender is anticipating continued positive movement for XRP.
He’s projecting a short-term price target of $5.85, with the potential for a leap to $18.22. Looking further ahead, his analysis suggests XRP could even reach $77.7 after a fourth wave correction. The analyst posted a chart, pointing out key support levels at $2.60 and $2.77
Crypto Influencer “TheXRPguy” Outlines XRP Price Stages
Tech commentator “TheXRPguy” on X (formerly Twitter) detailed eight phases for XRP’s price action, stating that the cryptocurrency is currently in the fifth phase. The initial phase was the debut of RLUSD, followed by Trump’s inauguration, Gary Gensler’s departure from the SEC, and the strategic reserve announcement concerning XRP.
Related: XRP Open Interest and CME ETF Announcement Triggers Altcoins Recovery
The crypto influencer believes the fifth phase is the resolution of the SEC and Ripple lawsuit, which should trigger an altcoin rally. The final two phases include Ripple forming partnerships with major banks and the potential approval of a spot XRP exchange-traded fund (ETF) in the US.
XRP Price Analysis Point to Bullish Momentum
A look at the daily chart from TradingView reveals that the Relative Strength Index (RSI) is currently at 57.39. This reading indicates positive momentum but shows it’s not yet in overbought territory.
This implies XRP still has room to advance before encountering significant selling pressure. The upward angle of the line supports further gains, confirming strong buying interest.
Related: SEC Silent on Ripple Appeal, Suffers Setback in Richard Heart (HEX, PulseChain) Case
The MACD indicator also points to a positive trend. The MACD line (blue) has moved above the signal line (orange), confirming a bullish divergence. Additionally, the histogram has turned green, signaling a bullish shift in momentum. Should the MACD maintain its upward path, XRP could sustain its rally towards the next resistance level at $5.85.
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