XRP has surged over 5% in the past 24 hours, trading around $2.16, as analysts point to two powerful historical indicators suggesting a major bullish move is imminent. The primary driver cited is the breakout of the Russell 2000 small-cap stock index, which hit a new all-time high of 2,633.10—its largest gain since 2008. Crypto developer Bird and analyst Amaury Viera (VieraTechWealth) highlighted that this event has historically preceded significant XRP rallies.
According to Bird, XRP's previous all-time highs have coincided with Russell 2000 breakouts. In 2017, a small-cap surge propelled XRP to its record high of $3.84. A similar pattern emerged in 2021, but the rally was "structurally interrupted" by the SEC lawsuit against Ripple Labs. With the Russell 2000 now in "expansion gear" and regulatory clarity improving post-lawsuit, analysts believe the 2021 cycle could resume, targeting a move to $3 or higher. VieraTechWealth notes this is a "clean intermarket signal that most people ignore," where liquidity from small-cap price discovery flows into higher-beta assets like XRP.
Concurrently, a separate technical analysis by Steph Is Crypto reveals the XRP/Gold ratio has returned to a historic support zone that has marked major turning points. This level preceded massive XRP rallies against gold of 800% in 2020, 120% in 2022, and 530% in 2024. The Relative Strength Index (RSI) is now oversold, suggesting downward momentum may be fading.
On-chain and institutional data support the bullish thesis. XRP balances on exchanges are near multi-year lows, which can amplify volatility from new demand. Spot XRP ETFs saw strong inflows of $15.04 million on Monday and $12.98 million on Tuesday. Technically, analyst EGRAG CRYPTO notes XRP is compressing in a descending channel on the 3-day chart, approaching a key decision zone between $2.30 and $2.40. A close above $2.40 could confirm a breakout toward $2.70 and $3.13. Another analyst, CW, suggests XRP has broken out of a large triangle pattern, with the rally "only just beginning" and a long-term Fibonacci target as high as $22 if it clears its all-time high.
Key resistance for XRP is seen at $2.50, while support for the Russell 2000 rests near 2,600. The overall bullish case is further supported by Bitcoin's stability and broader altcoin season momentum, though analysts caution that any macroeconomic downturn could disrupt the trend.
