XRP Price Forecast: Ripple Surpasses Bitcoin & Ethereum, Targets 25% Increase

Ripple (XRP) has displayed remarkable resilience in recent weeks, surpassing Bitcoin (BTC) and Ethereum (ETH) in performance. This positive trend is expected to persist, especially with Bitcoin’s current display of strength. Consequently, investors can anticipate an upward trajectory in XRP price on a daily basis, potentially triggering a swift rally upon surpassing crucial levels.

XRP’s price has surged by almost 26% in the last seven weeks, contrasting Bitcoin’s -4.75% decline and Ethereum’s substantial -24.37% drop during the same period, making it the weakest performer among the trio. The optimistic outlook for XRP stems from Ripple’s favorable outcome in the SEC vs. Ripple lawsuit.

Despite this bullish sentiment, investors should take note of the continuous increase in stablecoin reserves on exchanges, as per Santiment data. This capital influx is likely to gravitate towards altcoins exhibiting strong performance or promising potential rewards, positioning XRP as a favorable option for investors.

Recently, XRP price experienced a bounce off the yearly Volume Weighted Average Price (VWAP) at $0.560, triggering a nearly 10% upsurge. However, the remittance token remains range-bound between daily resistance levels of $0.556 and $0.626. The demand zone, ranging from $0.550 to $0.584, serves as a supportive buffer against downward movements.

Under neutral to bullish market conditions, a retest of this demand area could prompt a surge in buying pressure, potentially propelling Ripple’s price past the $0.626 hurdle. Surmounting this critical resistance level would pave the way for a rally towards $0.716, signifying a 25% increase for the remittance token.

The $0.716 threshold has posed a significant obstacle since August 2023, resulting in three rejections. Therefore, investors are advised to exercise caution around this level and consider profit-taking strategies. Failure to breach $0.626 could indicate waning buyer interest, potentially leading to a retracement towards the $0.550 to $0.584 demand zone. A breakdown below this support region would invalidate the optimistic outlook, potentially triggering a 9% decline in XRP price towards the lower band of the yearly VWAP at $0.501.