XRP Soars 50% in 2 Months: Will Ripple Spike 500% To $3 If This Happens?

XRP is leading gains in the top 10, looking at the steady climb over the past few trading sessions. After the expansion on September 12, buyers have been firm, pushing the coin higher. As things stand, the path of least resistance is northwards. The momentum is visible, looking at the performance over the weekend. While prices of top altcoins like ETH are lower, cooling off, Ripple buyers are firm. The state of price action points to interest from across the board. Subsequently, this may revive demand, lifting the second most valuable coin higher.

Traders are upbeat, expecting a new phase of price action to develop. As buyers’ strength, engagement is higher, rising to nearly $1 billion. Unlike in past trading days, where volume is lower over the weekend, firm engagement is massive for Ripple bulls. So far, XRP is steady on the last day but up 8% in the previous trading week.

The following XRP and Ripple news continue to make headlines:

• Looking at sentiment analysis, most XRP holders and traders, in general, are bullish on the coin. In a recent poll, over 80% of holders expected prices to expand in the days to come.
• Some analysts now predict XRP could surge 5X if past price performance and formation lead. Specifically, if the coin breakout from the current wedge, it could easily spike, racing to $3 in a refreshing buy trend continuation formation.

XRP Price Analysis

XRP/USD is bullish at spot rates.

After bottoming up in July, XRP is now up 50%.

From the daily chart, traders can search for entries, buying the dips as long as the coin is above $0.55.

The immediate resistance is at $0.66.

If buyers breach this liquidation level, it may easily soar, breaking above $0.74 and stretching gains to over $1 in the coming months.

Any dip below $0.55, at the back of the increasing trading volume, invalidates this outlook.