XRP price eyes rally to $3.45 after Ripple CEO tells investors to ‘lock in’

💡 DMK Insight

XRP’s current price of $2.59 is flirting with a significant breakout zone, and here’s why that matters: strong technical support is aligning with Ripple’s aggressive institutional strategies, creating a bullish narrative. Traders should keep an eye on the $3 to $3.45 range as a potential target, where resistance could trigger profit-taking or increased volatility. The recent institutional interest in XRP not only boosts market sentiment but also suggests that larger players are positioning themselves ahead of potential regulatory clarity. This could lead to a cascading effect across the crypto market, particularly impacting altcoins that often follow XRP’s lead. But don’t ignore the risks—if XRP fails to hold above $2.50, it could signal a retreat back toward lower support levels. Watch for trading volume and momentum indicators; a spike could confirm the breakout, while a drop might indicate a reversal. Timing is crucial here, so keep your charts updated and be ready to act.