XRP Rockets 20%to set record highs with a price target of $ 10

XRP Zoomte in the last 24 hours by more than 20% and reached USD 3.61 – its highest level for over six years – as an institutional buyer and breakout dealer during a session that was marked with three solid volume blacks.

The move followed weeks of accumulation near the 3 dollar brand and came with a price volatility of 20%, which signaled a strong conviction behind the rally.

By Coindesk Analytics, over 200 million XRP changed the owner during each breakout window at 5:00 a.m., 8:00 a.m. and 9:00 p.m. UTC and drives the token after the key resistance of USD 3.53.

The zone from 3.29 to 3.30 US dollars served as a base with a high volume throughout the session. Bullen repeatedly took sales pressure and defended their soil.

“The short-term price goals range from $ 2.00 to $ 2.65 to $ 3.00 on their heads,” said Ryan Lee, chief analyst at Bitget.

“Long-term forecasts indicate that $ 4.20 to $ 10 will benefit from payment of the payment by 2030.

Lee found that XRP's medium-term trajectory could extend to $ 5.89 depending on the ETF approval and regulatory clarity. However, technical indicators remain mixed, with a neutral RSI and a bear MACD point out a possible short -term consolidation.

The open interest in XRP derivatives exceeded 10 billion US dollars for the first time in 2021, while the financing rates turned positively through large stock exchanges, which indicates an aggressive long positioning.

XRP has increased almost 70% in the last 30 days and has developed as the strongest token among all majors. And it could just start.