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XRP breaks through a key resistance level after years, will institutional support drive the next rally?
【Crypto World】XRP has broken through the resistance level of its multi-year high on the technical chart. Based on the confirmed breakout area on the chart, this wave of market movement looks promising.
In terms of target levels, the short-term target is $3.50, the medium-term target is $5.00, and a further breakthrough at $8.70 is a key resistance. The ultimate goal is to reach the $10 mark. It is important to note that if the price falls below $1.30, the previous bullish narrative will need to be reassessed.
This bullish outlook is not coming out of nowhere. XRP recently hit a historical high of $3 in mid-2025, and the current breakout is precisely building on that foundation to move upward.
It is worth noting that the current large transactions in XRP are mainly driven by institutional investors rather than retail traders. This reflects ongoing institutional recognition of XRP as an institutional-grade transitional asset—this was originally the design intention of XRP. The activity of institutional buying to some extent also validates the reliability of this upward momentum.