- XRP holds above $2.47, with $4.804 and $7.138 targets based on measured moves and Fibonacci levels.
- Ripple’s institutional expansion and banking license bid boost investor confidence in XRP’s outlook.
- XRP volume trends, positive netflows, and low NVT ratio support bullish continuation toward $3.82 and beyond.
XRP is maintaining well above the key $2.47 technical target, signaling that its next upside objective is now set at $4.804. The price is showing stability after a breakout from long-term consolidation, backed by strong volume. At the time of writing, XRP was trading at $3.23, with ongoing interest from both retail and institutional investors.
Breakout Structure Validates Bullish Continuation Toward $4.804
According to analysis prepared by Javon Marks, XRP’s rounded bottom structure formed between 2018 and 2021, followed by an extended accumulation phase. The breakout from this range was supported by a surge in trading volume and steady price growth above previous resistance levels.
XRP now trades within a new range, consolidating above $2.47, and targeting $4.804 based on measured move projections. A 44% climb from the current price would complete the move to $4.804, with the next target at $7.138 if momentum holds.
These levels were calculated using prior breakout formations and standard Fibonacci extensions. XRP remains above multiple key moving averages, while the volume profile supports continued upside activity as long as support zones are respected.
Institutional Expansion and Technical Strength Drive Momentum
Ripple’s ongoing push into institutional finance continues to support market confidence in XRP. The company’s acquisition of Hidden Road and its application for a U.S. banking license are viewed as steps toward deeper integration with regulated financial systems.
According to CEO Brad Garlinghouse, Ripple aims to “bridge traditional finance and crypto markets” through strategic partnerships. Technical indicators remain favorable. XRP has reclaimed levels above $3.00 and now approaches resistance at $3.35, according to GalaxyBTC.
Analyst CasiTrades noted that if volume increases and price holds $3.17, a push toward $3.82 may follow. Exchange netflows remain positive, and the Network Value to Transactions ratio sits at a four-month low, supporting current valuation levels.
