High Can XRP Go Higher After $3.66 Multi‑Month High?
XRP, the token associated with payments company Ripple, has stunned traders with a rally to $3.66, its highest level in several years. After months of consolidation around the $0.60–$1 range back in 2023, the move has sparked renewed debate on Crypto Twitter and trading floors alike: how high can XRP go from here?
What’s Driving the Rally
Legal clarity, institutional interest, and renewed adoption in cross-border settlements have propelled the surge. Ripple’s partial court victories against the US Securities and Exchange Commission last year cleared much of the regulatory overhang that had weighed on XRP since 2020.
Since then, Ripple has announced fresh partnerships with Middle Eastern banks and payment processors in Asia. Analysts note that on‑chain volumes are surging, and whales have been quietly accumulating for months.
“XRP is finally benefiting from the infrastructure Ripple has been building for years,” said Maria Hall, senior markets strategist at London‑based fintech consultancy FinEdge. “A price of $3.66 is a milestone, but it’s not necessarily the ceiling.”
Short‑Term Technical Targets
Chart watchers point out that the breakout above $3.50 cleared a key resistance level dating back to the 2018 peak cycle. The next cluster of resistance sits around $4.00 to $4.20, where selling pressure might emerge as traders take profits.
If momentum continues, some analysts see $5.00 as a medium‑term stretch target, particularly if Bitcoin maintains its current uptrend and risk appetite remains high.
“Momentum indicators are strong, but overbought readings are flashing on the daily charts,” cautioned Hall. “A short‑term pullback or consolidation would not be surprising before the next leg higher.”
The Fundamental Bull Case
Beyond technicals, XRP bulls point to Ripple’s aggressive expansion. Its On‑Demand Liquidity service is now live in more than 70 corridors, and central banks in Asia are reportedly exploring XRP‑based settlement layers.
There’s also the possibility of Ripple’s long-mooted IPO, which could further legitimise the ecosystem and attract new capital. In that scenario, price targets of $6 or even $8 last seen in some analysts’ blue‑sky models have been floated, though such levels would require a broader market melt‑up.
Risks That Could Cap Gains
Despite the optimism, risks abound. Any renewed regulatory action in the US, a slowdown in crypto market liquidity, or a macro shock could derail the rally. Competition in the cross‑border payments space is also heating up, with Stellar (XLM) and traditional fintech giants vying for the same market.
For now, traders are enjoying the momentum. However, as is often the case in cryptocurrency, volatility affects both sides equally. Whether XRP can climb beyond $4 and beyond $5 will depend on Ripple’s ability to keep delivering and the market’s ability to stay risk‑on.
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