Key Notes
- XRP skyrocketed 20% in the past 24 hours, eyeing the $3 price tag with a 600% surge in volume.
- US President Donald Trump announced the inclusion of XRP in the US strategic crypto reserve.
- Analyst Dark Defender forecasted that XRP will soar to the $77.7 price level in the middle term.
XRP surged by 20% in the past 24 hours, reaching a price of $2.69 after briefly touching a high of $2.97. This rally was accompanied by a massive 602.41% increase in trading volume, which now stands at $22 billion. With a market capitalization of $155 billion, the third-largest digital asset is forecasted to reach a price tag of $77.7 in the near future.
The XRP $2.40 24h volatility: 17.8% Market cap: $139.87 B Vol. 24h: $12.20 B rally was driven by an unexpected announcement from United States President Donald Trump, who declared his intent to establish a “US Crypto Reserve” via Truth Social. This strategic initiative will include XRP, Solana (SOL), and Cardano (ADA), along with leading digital assets Bitcoin BTC $86 435 24h volatility: 8.3% Market cap: $1.72 T Vol. 24h: $68.68 B and Ether ETH $2 156 24h volatility: 14.3% Market cap: $260.75 B Vol. 24h: $33.63 B .
“A US Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the US is the Crypto Capital of the World,” said Trump.
XRP Price Bullish Forecast
According to a prominent analyst on social media platform X (formerly Twitter), “Dark Defender,” XRP will soon test the resistance levels at $5.85, $8.03, and $18.22. He also forecasted a mid-term target of $77.7. The crypto analyst used a chart to illustrate a long-term Elliott Wave pattern, indicating a potential five-wave structure that could push XRP toward these significant levels.
Dark Defender indicated that XRP is currently in the third wave of an Elliott Wave pattern, which typically sees the largest price movement. If the projection holds, a correction (wave 4) may occur before the fifth wave drives XRP to new all-time highs ($77.7).
Meanwhile, at press time, the RSI sits at 54.12, which means that the bulls remain dominant. The reading suggests a retest of lower levels before the altcoin claims the $3 price tag.
Significant Inflows
This bullish forecast follows CoinShares’ recent report, which indicated a significant shift in market dynamics. The broader crypto market experienced a record-breaking outflow of $2.9 billion from digital asset investment products, extending a three-week total of $3.8 billion in withdrawals. Bitcoin was the hardest hit, with a $2.59 billion outflow, followed by Ethereum’s $300 million.
On the other hand, XRP defied the trend by attracting a $5 million inflow, highlighting increasing institutional interest. Other major altcoins, such as Solana (-$7.4 million) and Toncoin (-$22.6 million), continued to face outflows.
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