XRP Blasts to $3.61 in High-Volume Breakout, Eyes Set on Long-Term Targets Above $4

XRP surged more than 20% over the past 24 hours, climbing to $3.61—its highest level in over six years—as a wave of institutional inflows and breakout momentum swept through the market. The rally unfolded amid three distinct spikes in trading volume, each pushing the token higher through critical resistance.

The move followed several weeks of accumulation near the $3.00 mark and came with price volatility nearing 20%, underscoring trader conviction behind the breakout.

CoinDesk Analytics recorded over 200 million XRP traded during each of the key breakout windows—05:00, 08:00, and 21:00 UTC—driving the token past the major $3.52–$3.53 resistance band.

Bulls defended the $3.29–$3.30 support zone throughout the session, repeatedly absorbing sell pressure and stabilizing price action before each leg higher.

“Short-term support lies between $2.00–$2.17, while resistance levels between $2.65–$3.00 are now behind us,” said Ryan Lee, Chief Analyst at Bitget. “$2.50 remains a key pivot to watch for the next breakout or retracement.”

Lee added that XRP’s long-term path could lead to prices between $4.20 and $10+ by 2030, particularly if Ripple continues to expand its payments infrastructure globally. A move toward $5.89 is also possible in the medium term, contingent on favorable regulatory outcomes and potential ETF approval.

Despite the bullish price action, indicators remain mixed. RSI readings are neutral, while MACD signals hint at possible short-term consolidation.

Open interest in XRP futures surpassed $10 billion for the first time since 2021, with funding rates turning positive across major exchanges—signs of aggressive long positioning and renewed trader confidence.

With a 70% gain over the past 30 days, XRP is now the top-performing major token—and analysts suggest the rally could be just getting started.