XRP had a really strong rally overnight on this Sunday, climbing over 9%, while Bitcoin and Dogecoin only managed gains of around 4% and 5%, respectively. The jump came as investors got more optimistic that the federal government shutdown that’s been dragging on for 40 days might finally be ending soon.
Trading volume for XRP absolutely exploded, shooting up 38% to nearly $4 billion. This made it one of the best-performing major cryptocurrencies in the last day and definitely caught a lot of people’s attention.
Futures traders seem pretty bullish on XRP right now, with open interest jumping almost 7%. Over on Binance, more than 70% of traders holding XRP positions are betting the price will keep climbing, which shows there’s a lot of confidence in the rally continuing.
One popular crypto analyst named Ali pointed out that XRP is forming what looks like a bullish flag pattern on the charts. He thinks if the price dips down to around $1.90, it could actually trigger a massive rally all the way up to $10. That would be a gain of 300% from where it’s trading now, around $2.44.
The technical indicators are giving mixed signals, though, with some showing buy signals while others stay neutral.
Conclusion
XRP’s surge reflects growing bullish sentiment, strong trading activity, and optimism around a potential U.S. government resolution. While traders and analysts see room for a major rally, mixed technical signals suggest caution remains warranted.
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