XRP Gains 5.5% as Crypto Analysts Set Target Price

Ripple (XRPUSD) has gained 5.5% over the last 24 hours in the cryptocurrency market, supported by renewed short-term interest in altcoins. 

XRP is trading at $1.43, its highest on the day, as trading volume spiked by 54% in 24 hours to $4.41 billion on Thursday, according to trading details from a crypto exchange.

The price surge closely mirrored Bitcoin’s 4.88% rise and the total crypto market’s 4.54% increase over the same period. This indicates the move was driven by broad market sentiment.

Crypto analysts said XRP’s rally occurred from deeply oversold levels. The 54% increase in 24h trading volume to $4.41 billion confirms buyer participation in the bounce, though it remains…