XRP Price Skyrockets 15% Overnight—Is Ripple’s Rally Just Getting Started?

XRP’s rebound picked up momentum this morning, with the token trading at $3.04—up 2 % on the day and 7 % in the past two weeks. The move keeps Ripple’s native asset firmly above the psychologically important $3.00 handle and within striking distance of the $3.10-$3.13 resistance band that has capped rallies since late August. Current catalysts • Traders are positioning ahead of today’s FOMC rate decision, betting that a dovish tone could weaken the dollar and push liquidity back into large-cap altcoins such as XRP. • On-chain data from XRPScan shows daily active addresses climbing to a six-week high, hinting at renewed user engagement on the XRP Ledger. • Inflows into U.S.-based crypto ETPs hit $145 million last week, according to CoinShares, with XRP products capturing 8 % of that figure—their largest share since July 2023. Technical snapshot • Support: $2.94 (20-day EMA) and $2.75 (200-day EMA). • Resistance: $3.13 (June swing high) and $3.30 (Fib 0.786 retracement from the April peak). • RSI on the daily chart sits at 57, leaving room for further upside before overbought conditions emerge. Price forecast Analysts at Cryptonews see a breakout above $3.13 unlocking a run toward $3.50 in Q4, provided Bitcoin holds the $70 k area and the Fed signals a pause on additional hikes. Longer-term models based on XRP’s 12-year trendline project a potential double-digit print by 2026 if the network maintains its current growth trajectory. What to watch next 1. FOMC press conference (18:30 UTC): any pivot language could fuel a risk-on rally. 2. Ripple vs. SEC remedy discussions (scheduled for October 4): clarity on penalties may remove a long-standing overhang. 3. XRPL AMM launch: the upcoming native automated-market-maker feature could spur fresh developer interest. Bottom line XRP price today is flashing early signs of a bullish continuation, but confirmation hinges on a clean close above $3.13. Traders eyeing a breakout should monitor Fed commentary and upcoming regulatory milestones, while long-term holders can take comfort in strengthening on-chain activity and growing institutional flows.