The XRP coin has reignited hope among its supporters with a recent short-term price surge. Over the past month, the $2.31 – $2.32 level has been a critical resistance point on its price graph, tested thrice. Should there be a strong breakthrough at this level, XRP could aim for the $3 mark in the short term. Moreover, surpassing $2.35 would signal a swift move towards $2.56 and potentially higher.
Immediate Resistance Levels for XRP
Recently, XRP struggled to break past the $2.31 – $2.32 range, pulling back at each attempt. This area has become a key hurdle to clear for continued price increases. Stakeholders eagerly anticipate the altcoin overcoming this barrier and sustaining that level for a sustainable uptrend.
Clearing this resistance could set the next significant target at $3. A strong close above $2.35 might be a technical sign facilitating a rapid ascent to $2.56 and further. Such movements would depend on market conditions and overall improvements across the cryptocurrency sector.
Long-Term Expectations: Aiming for $30 to $50
Vincent Van Code, a long-time XRP advocate, shared on social media that his ultimate price target for the altcoin is between $30 and $50. He did not specify a timeline, emphasizing that it was his personal outlook. This statement reflects the strong belief many XRP holders have in the coin’s long-term potential.
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AAPLDriving this optimism is the increasing adoption of XRP, bolstered by growing interest from major financial institutions. Ripple 
$1, the company behind XRP, has taken significant steps in this area by acquiring firms focused on digitizing assets like real estate, stocks, and U.S. Treasury bonds and forming strategic partnerships.
Additionally, Ripple’s long-standing legal battle with the U.S. Securities and Exchange Commission (SEC) is nearing its end. This conclusion raises expectations that XRP, which was largely absent in the previous bull market, could recover losses in the expected ensuing rally.
Ripple CEO Brad Garlinghouse announced on social media that the company would withdraw its cross-appeal and expects the SEC to retract its appeal as well. He stated, “We are closing this chapter once and for all, to focus on what truly matters: building the internet of value.”
