After months of consolidation, <a href="https://www.cryptoknowmics.com/news/ripple-ceo-highlights-xrps-expanding-role-in-real-estate-and-trade-finance/" target="_blank" rel="noopener">XRP</a> has signaled a bullish breakout, paving the way for significant upside potential. At press time, the cryptocurrency is trading at $2.40, marking a substantial recovery from its previous range of $0.50 to $0.60. Year-to-date, XRP has surged 326%, with technical indicators now pointing toward continued upward momentum.

[embed]https://twitter.com/DefendDark/status/1868363645778071843[/embed]
<h2>Technical Indicators Signal Bullish Momentum</h2>
[embed]https://twitter.com/ali_charts/status/1867187774903791759[/embed]

Crypto analyst DarkDefender highlighted that XRP has broken above a descending trendline on the four-hour chart, a move signaling a potential reversal of its previous downtrend. For the bullish scenario to solidify, a daily close above $2.52 is critical.

Additional bullish signals include XRP trading above the Ichimoku Cloud and a Golden Cross formation on the Relative Strength Index (RSI), both of which indicate rising buying pressure and improving market sentiment.
<h3>Key Levels and Projections</h3>
Immediate resistance lies at $2.52, with a potential retest of the December 3 high at $2.71. Analysts have outlined short-term targets of $4 and $8.76, supported by historical price patterns and bullish technical setups. Notably, a bull flag pattern identified by analyst Ali Martinez suggests a rally to $4 is imminent, with $2.46 as the key breakout level.
<h3>Ecosystem Growth and Derivatives Confidence</h3>
Ripple’s ecosystem is gaining traction, particularly with the recent NYDFS approval for its stablecoin, RLUSD. Derivatives market data also supports the bullish narrative, with options open interest rising by 16.20% and a Binance long/short ratio of 3.845, reflecting growing trader confidence.
<h3>Long-Term Outlook</h3>
While short-term targets remain at $4 and $8.76, some analysts envision XRP reaching as high as $48 in the long term. If XRP achieves $8.76, it could surpass Ethereum’s market cap, solidifying its position as the second-largest cryptocurrency.

With strong technical indicators and an expanding ecosystem, XRP is poised for further gains in the ongoing market recovery.

<em><strong>Disclaimer: </strong></em>The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

XRP Primed for Major Rally as Analysts Eye $4 and $8.76 Price Targets

XRP breaks out above key resistance, signaling bullish momentum. Analysts project short-term targets of $4 and $8.76 as optimism grows for further gains.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

XRP Primed for Major Rally as Analysts Eye $4 and $8.76 Price Targets

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