XRP Regains Bullish Momentum

XRP has regained bullish momentum, climbing over 4% in the past 24 hours to trade above $2.40. The token is rebounding from a sharp sell-off triggered by Donald Trump’s announcement of 25% tariffs on U.S. imports from Canada and Mexico.

Despite recent volatility, market experts suggest XRP is aligning for a potential rally to new all-time highs, provided it holds above key support levels.

XRP’s Path to a Breakout

XRP’s price action aligns with a structured Elliott Wave formation, as noted by crypto analyst DarkDefender. The recent correction to $2.33 coincided with a key Fibonacci retracement level, further supporting the bullish structure.

DarkDefender notes that the pullback appears to have completed Wave 2, positioning XRP for a move toward $2.60 in the near term.

If XRP maintains support at $2.33 and $2.22, analysts anticipate a rally toward $3.39 in the coming weeks. Holding these levels could trigger Wave 3, propelling the token toward $5.85, according to Elliott Wave projections.

This outlook is further bolstered by projections from AI-driven market models, which have set an average price target of $3.16 for XRP in the near term, marking a 26.5% increase from current levels.

Key Factors Fueling XRP’s Momentum

Beyond technical indicators, fundamental factors are critical to XRP’s bullish momentum. Crypto analyst Ali Martinez has highlighted a 620% surge in active XRP addresses, increasing from 74,589 to 462,650 over the past week, indicating a surge in network activity.

While the broader crypto market has recorded $2.9 billion in outflows over the past three weeks, XRP has defied the trend, attracting $5 million in inflows as of February 28, according to a CoinShares report.

With technical indicators showing bullish signals and strong fundamental drivers, XRP appears to be on the verge of a significant breakout. However, maintaining key support levels will be crucial in determining whether it can sustain upward momentum and reclaim new highs.

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