XRP price is poised for a significant rally, with analysts predicting a potential surge of up to 39%. The token’s recent rebound from key support has sparked renewed bullish sentiment. This momentum could drive the price towards a target of $3.8 in the coming days.
Traders have been witnessing a resurgence in XRP demand, evident by a significant increase in trading volume surpassing previous levels. The rise follows a successful defense of the $2.70 support level – a crucial zone since mid-July. This sustained support has acted as a springboard for the potential rally.
Analysts believe that if XRP manages to hold the crucial support level, it could trigger a breakout towards a target of $3.88. The token’s price is currently trading at $2.79, and this upward movement suggests increased demand among spot traders amidst renewed bullish expectations.