Trading at $2.17 with 80% Surge in Daily Volume

TLDR XRP price is trading at $2.17 with an 80% surge in daily trading volumes to $4.35 billion Analyst Dark Defender predicts XRP price targets of $3, $4.4, and $6.3 in the short term Recent whale activity involved transfers of 70 million XRP ($148.3 million) and 300 million XRP ($633.7 million) New Hampshire legislation could include XRP in state’s digital asset strategic reserve by 2026 if it reaches $500 billion market cap XRP broke above a key bearish trend line and is now trading above the 100-hourly Simple Moving Average The XRP price is showing strength in the crypto market, currently trading at $2.17 with daily trading volumes surging 80% to $4.35 billion. This uptick in trading activity suggests traders are increasingly interested in the Ripple cryptocurrency as discussions around Ripple reserves gain traction. XRP found support at $2.08 and started a fresh increase. The price is now trading above $2.12 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $2.14 on the hourly chart of the XRP/USD pair. Crypto analyst Dark Defender has provided an updated outlook on XRP’s price trajectory. In his recent analysis, he stated that XRP could encounter immediate resistance at $2.22 and $2.36. He added that the XRP correction to $2.13 has completed as it reverses trajectory upward. This movement helped avoid massive liquidations worth $60 million in XRP. Dark Defender broke down the 5th Monthly Wave’s core structure into five sub-waves. His analysis suggests an initial surge to $3, followed by Wave 3 and Wave 5 targets of $4.4 and $6.3, respectively, in the short term. Whale Activity Creates Market Buzz Recent blockchain activity has highlighted major XRP transactions involving Ripple whales, capturing market attention. Two notable transfers were recorded on the blockchain. The first involved 70 million XRP valued at approximately $148.3 million. The second, more substantial transfer involved 300 million XRP worth around $633.7 million. Both transactions were directed to unknown wallets, which has fueled speculation about potential XRP price movements in the near future. The Coinglass data shows that XRP open interest has increased 3.28% to $3.72 billion. The XRP options open interest has surged 28% while the options trading volume is up 20% to over $1 million. On the technical side, the hourly MACD for XRP/USD is gaining pace in the bullish zone. The Relative Strength Index (RSI) for XRP/USD is now above the 50 level, indicating positive momentum. Potential Inclusion in State Reserves Crypto attorney Fred Rispoli has pointed out an important development for XRP. According to newly passed legislation by New Hampshire, if XRP achieves a $500 billion market capitalization this year, it would qualify for inclusion in New Hampshire’s digital asset strategic reserve by 2026. For a $500 billion market cap, the XRP price would need to trade around $8.5. Many analysts have already predicted a rally beyond $10 by the end of 2025. If XRP maintains its current momentum, it may face resistance near the $2.18 level and the 50% Fibonacci retracement level of the downward move from the $2.25 swing high to the $2.07 low. The first major resistance is near the $2.18 level, with the next at $2.20. A clear move above the $2.20 resistance might send the price toward $2.22 or even $2.30 in the near term. However, if XRP fails to clear the $2.18 resistance zone, it could start another decline with initial support near the $2.13 level, followed by $2.12. The current market conditions and technical indicators suggest XRP’s price may continue its upward trajectory, especially if broader crypto market conditions remain favorable. Source: https://blockonomi.com/xrp-xrp-price-trading-at-2-17-with-80-surge-in-daily-volume/