Ripple (XRP-USD) surges as bulls target breakout, ETF optimism and technical signals drive momentum
Ripple’s XRP-USD price has reignited bullish momentum, trading at $2.23 on Monday after rallying over 10% during the weekend and posting its strongest daily rebound since May 12. The pair is holding firmly above $2.10 support, attracting heavy investor interest as daily trading volume soared 106.78% to nearly $2.82 billion. Market cap has climbed to $131 billion, placing XRP among the top-performing major altcoins.
Institutional tailwinds strengthen as Nasdaq index and ETF buzz fuel demand for XRP-USD
Institutional recognition is driving part of XRP’s latest advance. On June 2, XRP was added to the Nasdaq Crypto US Settlement Price Index (NCIUS), a key benchmark tracked by the Hashdex Nasdaq Crypto Index US ETF (NCIQ). While current ETF exposure remains limited to BTC and ETH, XRP’s inclusion signals growing institutional acceptance, opening the door for future ETF product approvals.
Indeed, odds of an XRP ETF approval by the SEC surged to 98% in early June according to Polymarket data, rising from 68% in April. XRP ETF applications from Bitwise, Grayscale, Franklin Templeton, and 21Shares have intensified pressure on the SEC. The successful launch of CME XRP futures on May 19, with $19 million first-day trading volume, further demonstrated institutional appetite and market maturity.
Adding to this momentum, corporate treasuries are actively accumulating XRP. Recent filings show $471 million in XRP treasuries across three companies, including a $300 million strategic reserve from Webus International.
Ripple’s global payments strategy reinforces long-term XRP utility
Ripple continues to expand XRP’s real-world use case in the cross-border payments space. On May 28, Ripple highlighted how XRP and its upcoming Ripple USD (RLUSD) stablecoin aim to modernize cross-border settlements by offering real-time processing, low fees, and end-to-end transparency. Ripple claims its platform now covers over 90% of global FX markets, providing a robust utility case that supports long-term demand for XRP-USD.
XRP-USD chart signals short-term double bottom and bullish breakout potential
Technically, XRP-USD is forming a double bottom pattern near $2.10, a zone supported by the 200-day exponential moving average (200 EMA). The pattern suggests potential for a retest of $2.30—a key resistance level which recently flipped between support and resistance. A sustained move above $2.30 could open the path toward $2.60, last tested in May.
Meanwhile, broader chart structure points to a bullish flag breakout, originating from XRP’s climb from $1.60 in April to $2.60, followed by a descending consolidation. The breakout, confirmed during the weekend rally, sets an intermediate target of $3.30, representing a 50% potential upside from current levels.
Broader bullish targets emerge as falling channel breakout validates XRP’s uptrend
Complementing the bull flag, XRP has also broken out of a long-term falling channel, according to technical analysts at Rose Premium Signals. Following the breakout, XRP has consolidated above $2.10, reinforcing this level as key support. Projected upside targets include $2.95, $3.39, and $3.87—the latter exceeding XRP’s all-time high of $3.84, implying a 73.5% rally from current prices if momentum holds.
Strategic buy levels and risk management in focus as XRP-USD gains traction
Traders are advised to monitor key levels. $1.85 has been flagged by analysts as an optimal buy zone in case of short-term pullbacks, offering a favorable risk-reward entry point. Above current levels, $2.30, $2.60, and $3.30 remain near-term resistance zones to watch.
Analysts project XRP-USD could rally to $25–$27 amid ETF-driven demand surge
Medium- to long-term XRP forecasts have turned increasingly bullish. Egrag Crypto projects XRP could reach $20, potentially spiking to $27 during this bull cycle based on historical fractals and moving average analysis. Jaydee_757 echoes this view, highlighting a pattern similar to XRP’s 2017 rally, when the token surged 20x from $0.0055 to $3.40.
Current bullish divergences suggest XRP could climb beyond $25 before entering a significant correction phase. However, analysts caution that a sharp pullback of 86%–90% could follow such a rally, aligning with past cycle behaviors.
Death cross signals caution, but strong support at $2.20–$2.18 remains intact
Despite bullish medium-term outlooks, near-term caution is warranted as XRP recently triggered a death cross, with its 23-day MA slipping below the 50-day MA. Price briefly retreated to $2.22 overnight before recovering modestly. Traders are watching $2.20–$2.18 as critical support. A break below could open the path toward $2.00–$1.90 support zones.
Momentum has faded slightly, with XRP unable to reclaim $2.35 resistance. However, the 200-day MA remains in an uptrend, supporting the broader bullish narrative.
XRP-USD eyes breakout as institutional demand, technical setups, and regulatory clarity align
Ripple’s legal clarity after the SEC dropped its lawsuit in March, combined with ETF optimism and sustained institutional buying, provides a powerful tailwind for XRP-USD. With XRP trading at $2.23, strong volume inflows, and bullish chart setups in play, the market is positioning for a potential breakout toward $3.30, and potentially $5–$25 targets in the coming quarters.
Investors should watch ETF approval developments, volume trends, and macro sentiment closely, as XRP sits at a pivotal moment with significant upside and event-driven catalysts ahead.
