<ul>
 <li>Ripple (XRP) experienced a significant surge of 23.3% from $0.60 to $0.74.</li>
 <li>XRP’s daily trading volume spiked by 312%, totaling $7.18 billion.</li>
</ul>
During the previous week, amidst a robust surge in the global market, XRP remained relatively subdued. However, today, the native token of Ripple, XRP, has displayed a notable uptick of 23.3%, surging from $0.60 to $0.74. Additionally, this surge has propelled XRP to the forefront as the <a href="https://thenewscrypto.com/ripple-can-xrp-surpass-1-anytime-soon/" target="_blank" rel="noopener noreferrer nofollow">top-performing</a> cryptocurrency among the leading 100 by market capitalization.
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="1024" height="488" src="https://thenewscrypto.com/wp-content/uploads/2024/03/image-70-1024x488.png" alt="" class="wp-image-93459" srcset="https://thenewscrypto.com/wp-content/uploads/2024/03/image-70-1024x488.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/03/image-70-300x143.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/03/image-70-768x366.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/03/image-70.png 1299w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">Ripple (XRP) Price Chart (Source: <a href="https://in.tradingview.com/symbols/XRPUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
At the time of writing, XRP traded at $0.6968, with a market cap of $38 billion. Further, derivatives data for XRP shows a strong bullish sentiment among traders, with trading volume spiking by an impressive 312% in the past 24 hours, totaling $7.18 billion. Further, the open interest in XRP derivatives has surged by 33.77%, reaching $805 million.
The reason for the current surge in the XRP price remains unclear. But big <a href="https://thenewscrypto.com/ripple-whales-loading-up-xrp-outlook-looks-bullish/" target="_blank" rel="noopener noreferrer nofollow">whale transactions </a>from Binance to unknown accounts recently caught attention. A massive 300 million XRP transfer, worth $187 million, came before the price rise, followed by more large transactions. People in the crypto community talk about possible whales or exchanges influencing the market.
<h3 class="wp-block-heading" id="h-what-is-xrp-s-next-target">What is XRP’s Next Target?</h3>
The climb to $0.74 marks a significant recovery for XRP, which has struggled to surpass the $0.65 threshold since November 2023. This resurgence has reignited anticipation among investors, with the potential for further gains if the positive trend persists.&nbsp;
According to the daily price chart, if XRP stabilizes above $0.67, it could <a href="https://thenewscrypto.com/ripple-xrp-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">target the next significant resistance</a> level at $0.794. Subsequently, breaching this level may pave the way for even higher gains, with the next resistance standing at $0.834, potentially leading XRP toward the $1.18 mark.
However, a reversal in the current upward trajectory could see XRP retract towards support levels at $0.63 or even $0.57. Further, external market factors, such as Bitcoin’s stability and favorable inflation data, may propel XRP to new weekly highs in the days ahead.&nbsp;

Ripple (XRP) Breaks Multi-Month Consolidation, Signaling Bullish Trend

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TheNewsCrypto

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