The global crypto market cap has surged to $2.93 trillion, marking a 6.29% increase in the past 24 hours, with Bitcoin edging closer to the $95,000 mark. Altcoins are riding the wave too, with most of the top 10 recording strong gains.
Sentiment across the crypto space is shifting, and a key development came on Tuesday, April 22, as SEC Chair Paul Atkins pledged to protect investors from fraud, keep politics out of financial regulation, and lay a solid foundation for digital asset oversight. Investors are now hopeful that Atkins will help bring an end to the long-running Ripple case by dropping the SEC’s appeal.
XRP Shoots Up Over 6%
XRP jumped over 6% on April 22, reaching a high of $2.25, driven by growing curiosity around Ripple’s legal battle and a spike in crypto ETF applications. These factors could help XRP reach its all-time high of $3.55, though prices might still swing between $1.70 and $3 due to volatility.
Furthermore, 12 XRP ETF applications are being reviewed. Big names like BlackRock and Vanguard haven’t filed yet. Analysts believe the SEC could approve several XRP ETFs at once, similar to how it handled Bitcoin ETFs. A decision is expected within the next 180 days.
XRP Set for Major Breakout?
Crypto analyst Dark Defender believes that XRP is almost nearing the end of its Wave 4 correction and could be on the verge of a strong bull run. He explained that XRP recently hit a key target of $2.1937 as expected and bounced back, hinting that the wave structure is playing out. He urges traders to watch $1.8815 as a critical support level, while $2.22 and $2.40 are the key resistance points to break for a bigger move upward.
The analyst believes that XRP’s long consolidation is now over and it is closer to an extreme bull run. XRP is currently trading at $2.24, up over 7.8% in the past day.
Another analyst Diana predicts that XRP could hit $25 as early as January 2026 pointing to the strong historical price trends and the positive catalysts.
She has three possible scenarios for XRP depending on how key factors turn out. In a slow-growth case, it could rise to $10, with a 300% gain. If conditions are more favorable, it could soar 600% to $17.50. And in the most bullish scenario, it could surge to $27.50, a massive 1,000% increase.
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