XRP Poised for Surge: Analysts Eye $4.80 Breakout

XRP is capturing significant attention in the crypto market as analysts project a potential breakout toward $4.80. The focus keyword, XRP, remains at the center of a strong bullish narrative, supported by promising indicators including ETF developments, heightened trading activity, and growing interest from major investors.

Over the past few weeks, XRP has gained considerable momentum, climbing to a five-month price high of just over $3. This marks a 32% uptick over the past month. Despite a slight retreat beneath that threshold, investor sentiment has remained intensely optimistic. The XRP network’s total market capitalization has now exceeded $175 billion, overtaking Tether (USDT) to become the third-largest cryptocurrency by market cap.

Prominent market analysts have been issuing highly positive outlooks. Ali Martinez, known for his technical expertise, believes XRP could set a new all-time high of $4.80 if the token can secure a weekly close above $3. This would signal a key breakout, opening the door for further gains. On social platform X, Martinez shared that this price action would be a pivotal moment for the asset, likely signaling continuation of its bullish trajectory.

Other respected figures in the space offered equally compelling insights. An account that goes by CRYPTOWZRD noted that XRP has successfully converted an old resistance level at $2.80 into a new support. According to their analysis, if XRP achieves another strong daily close, it could ascend toward the next major resistance target at $3.65. Johnny, another trader on X, also reacted to the surge, acknowledging the coin’s dynamic movement and hinting that this bullish trend could establish a fresh historical peak.

One of the leading drivers behind XRP’s recent rally is the U.S. Securities and Exchange Commission’s decision to approve ProShares Ultra XRP ETF. This investment vehicle is futures-based and will trade under the ticker UXPR. It aims to double the daily returns of XRP’s market performance. This approval represents a major step in bringing XRP-related financial products to a broader audience and legitimizing the asset class among institutional investors.

Though a spot XRP ETF has not received official approval in the U.S., expectations for its eventual green light are optimistic. Current projections suggest an 86% probability that such a product will be approved before the end of 2025. Should this materialize, demand for XRP could escalate substantially due to increased accessibility and institutional inflow.

In addition to regulatory momentum, the underlying network metrics further reinforce the bullish sentiment. There has been a noticeable increase in the activity of large wallet holders—or whales—accumulating more XRP. This suggests heightened confidence among experienced investors. Moreover, on-chain data reveals that network activity is intensifying, with growing transaction volume and wallet interaction painting a positive picture of XRP’s utility and adoption.

These tailwinds create a favorable environment for further growth. With key psychological resistance levels within sight and supportive macro-trends in motion, the stage is set for XRP to potentially reach and even surpass its prior highs.

As analysts await further confirmation via price performance, XRP remains one of the most closely watched assets in the cryptocurrency landscape. Its combination of technical resilience, fundamental growth, and external catalysts could make it a headline-maker in upcoming trading cycles.

To view the tweet by Ali Martinez forecasting XRP’s surge: Ali’s prediction

CRYPTOWZRD’s analysis on resistance and support levels is available here.

Johnny’s brief observation about XRP’s market movement can be read here.

Further details on the ETF development can be found via the SEC announcement here.

Related: XRP Price: $12M Max Pain for Bears

XRP has also stirred broader market attention due to past performance outlined here.