XRP could target $1.85 after breaking above key resistance

  • Cryptoinsightuk identified early signs of improving XRP market structure.
  • XRP must clear $1.48 to confirm a bullish shift, with $1.58 as the first target.
  • David Schwartz discussed XRP potentially surpassing Bitcoin during an X Space on Sept. 9.

XRP is showing early signs of a possible bullish shift after breaking above $1.39 and several previous lower highs, according to widely followed cryptocurrency trader Cryptoinsightuk. The trader still views XRP's trend as neutral, with a move above $1.48 needed to confirm a bullish transition. The proposed targets are $1.58 initially and, if momentum persists, a $1.70-$1.85 liquidity zone. Cryptoinsightuk also cited a potentially improving macro liquidity backdrop, including Treasury Secretary Scott Bessent's discussion of possibly increasing bond purchases, as a potential tailwind for XRP and the broader crypto market. Separately, David Schwartz, Ripple's former CTO, said on an X Space on Sept. 9 that XRP could eventually surpass Bitcoin in market value, driven by faster XRP growth rather than a decline in Bitcoin. He pointed to the XRP Ledger's speed and functionality, as well as demand for features Bitcoin does not support, as possible adoption drivers.

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