XRP has stunned the market with a significant price recovery, reclaiming the $2 level and silencing pessimists who dismissed its initial rebound as a short-lived "dead cat bounce." The confirmation of a golden cross formation on its price chart, a classic bullish technical indicator, has shifted the narrative around the asset.
According to CoinMarketCap data, XRP jumped over 5.7% in the last 24 hours, outperforming Bitcoin and other notable assets. The price surged from a low of $1.89 to peak at $2.05, with a current trading price around $2.01. Accompanying this price action was a massive 192% explosion in trading volume to $4.19 billion, signaling a rekindled interest and increased activity among market participants.
Technical analysts are drawing parallels to a previous major rally. The asset recently dropped below its green supertrend line, a pattern that in the past was followed by a 69% price increase, consolidation, and then a break to new all-time highs. Market observers are closely monitoring for a similar breakout scenario.
Fundamental speculation is adding fuel to the bullish sentiment. Rumors and analysis surrounding a potential Ripple IPO in 2026 are circulating, with some market estimates suggesting the company could be valued at $50 billion. Analysts speculate that a successful public listing could propel the XRP price to between $8 and $15, a target range also previously mentioned by Standard Chartered. However, Ripple leadership, including CEO Brad Garlinghouse and President Monica Long, have consistently de-emphasized the urgency of an IPO, stating it is not a current priority as the company is well-capitalized.
Looking ahead, if the current momentum is sustained, analysts suggest XRP could target the $2.40 resistance level. Crypto analyst Steph is Crypto posits that a confirmed breakout could lead to a 71.2% gain, potentially pushing the price to $3.40. With the Relative Strength Index (RSI) at 56, the asset is not yet in overbought territory, leaving room for further upside. The coming days will be critical in determining whether the current technical setup and speculative fervor can translate into a sustained recovery.
