XRP surged over 4% in 24 hours, reaching $1.13 as votes continue on a significant XRP Ledger (XRPL) upgrade that may influence prices in the coming weeks.
The upgrade introduces batch transactions, confidential transfers, sponsored fees, and permission delegation, after delays caused by a critical vulnerability in the initial implementation. Activation depends on validator consensus with no fixed deadline.
Technical analysis shows XRP consolidating within a short-term symmetrical triangle, a pattern that often predicts sharp moves. Analyst Ali Martinez suggests a sustained breakout above $1.13 could trigger a 20% rally, targeting $1.35.
More bullish forecasts include analyst Celal Kucuker’s projection of XRP hitting over $6 by year-end, contingent on the passage of the CLARITY Act, which could enhance XRP’s position in the U.S. market alongside Ethereum.
Crypto analyst EGRAG CRYPTO outlined a bullish roadmap highlighting a potential triple-bottom pattern near $0.90 to $1.00, with key long-term exponential moving averages providing support. The path to further gains involves reclaiming $1.23, confirming near $1.56, followed by a breakout zone between $2.38 and $3.54.
