- XRP holds breakout above $2.20, trading at $2.22 with $131.23 billion market cap.
- The 24-hour volume has increased by 41.7%, reaching $1.15 billion; volume-to-market cap ratio is close to 0.893%.
- Ripple’s U.S. banking growth charges drive the bulls and with a $4.80 price target for Q4.
XRP is maintaining momentum above $2.20, currently trading at $2.22 with a modest 0.21% daily rise. This breakout marks a crucial shift in sentiment as XRP holds market capitalization at $131.23 billion, signaling strong investor confidence in its long-term positioning among top-tier cryptocurrencies.
Trading volume surged to $1.15 billion in the last 24 hours, marking a significant 41.7% increase. The strong activity highlights growing market interest and liquidity, with the volume-to-market cap ratio nearing 0.893%, signaling robust trading relative to XRP’s market size.
Also Read: XRP Forecast 2025: Will XRP Hit $4.85 or Fall Below $2.00?
Ripple’s U.S. Banking Expansion Fuels Momentum
A key factor driving bullish momentum is Ripple’s aggressive expansion into U.S. banking systems. A notable analyst highlighted that XRP flipping $2.20 from resistance to support represents a significant technical milestone.
The $2.20 level had previously acted as a ceiling, capping XRP’s upward movement for months. Its conversion into support indicates strengthened bullish control and likely reflects accumulation by larger players. Ripple’s growing partnerships in the U.S. financial sector have only added fuel to the fire of this rising optimism.
“XRP’s structure looks primed,” the analyst stated. “With the breakout confirmed and Ripple’s U.S. push gaining speed, $4.80 is a viable target for Q4.” This sentiment is echoed widely across crypto communities as traders and investors reposition for what could be a breakout quarter for XRP.
Key Levels and Q4 Price Targets in Focus
XRP now technically faces immediate resistance at $3.20 levels and then $3.95 before it may go up to the $4.80 psychological mark. As long as the macroeconomic situation is good and Ripple is still growing, these goals can be realized. However, traders are advised to remain cautious of potential volatility during this climb.
Heading into Q4, XRP must maintain support above $2.20 to sustain its bullish structure. With Ripple’s further penetration into the U.S. banking corridors, but also the favorable convergence of technical indicators, XRP has already been getting closer to being the best altcoin and is able to initiate a rally that will likely produce a historic move to $4.80.
Also Read: XRP Coiling for Bold Move as $2.50 Breakout Nears