A prominent crypto analyst forecasted that XRP will skyrocket to the $77.7 price tag as it jumped 20% in 24 hours.
By Anisha Pandey
Edited by Marco T. Lanz
Updated
3 mins read
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 $2.05 24h volatility: 4.2% Market cap: $119.39 B Vol. 24h: $6.60 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 $81 946 24h volatility: 5.1% Market cap: $1.63 T Vol. 24h: $52.19 B and Ether ETH $1 786 24h volatility: 5.9% Market cap: $215.38 B Vol. 24h: $25.16 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.
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.
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.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it's dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.
