XRP Targets 188% Gain to $9.63 Amid Breakout Pattern
Following the conclusion of the Ripple vs SEC lawsuit, XRP price surged 4.6% to $3.28, pushing market cap near $200 billion. Daily trading volume jumped 208% to $12.4 billion, and futures open interest rose 9% to $8.67 billion, indicating strong institutional demand. Analysts like Javon Marks and EGRAG Crypto note a clear breakout pattern in XRP price reminiscent of its previous bull cycle. Javon projects a rally to $9.63—a 188% gain—while EGRAG highlights technical strength despite mixed market sentiment. The US appeals withdrawal by Ripple and the SEC has spurred renewed investor confidence, aided by enterprise adoption such as Blue Origin’s integration of XRP payments. Traders should watch for continued volume and open interest growth as signals for a potential altcoin season rally.
Bullish
Conclusion of the Ripple vs SEC lawsuit has removed regulatory uncertainty, triggering a 4.6% price rally, a 208% surge in daily volumes, and a 9% rise in futures open interest. Analysts draw parallels with prior bull cycles and project a 188% gain to $9.63, highlighting strong breakout patterns and institutional interest. Historical precedents—such as post-legal-resolution rallies—suggest sustained momentum. Short-term, rising volumes and open interest could fuel further upside; long-term, enterprise adoption and clear regulatory stance may underpin a broader altcoin season rally.