XRP Bulls Refuse to Read the Memo, Keep $1,000 Rally Cry Alive at $1.34 📈

XRP is trading at $1.34, up more than 2% over the past 24 hours, even as a pair of prominent market commentators restated long-term bullish targets that include a theoretical $1,000 price point for the token. The token's market capitalization stands near $82 billion, with roughly 61 billion XRP in circulation.

The renewed optimism was sparked by separate public forecasts from market analysts Cantonese123 and BarriC. Cantonese123 cited Elliott Wave analysis pointing to a multi-year fifth-wave structure, while BarriC referenced a market-cap-based framework that would require XRP's total valuation to reach roughly $60 trillion to revisit its all-time high percentage gains. BarriC called the path a "low probability, high reward scenario" but said the setup remains intact.

Separately, a presale project drawing attention in XRP-adjacent circles is highlighting a staking program offering a dynamic annual percentage yield tied to trading volume, though presale terms and yield figures were not independently verified at press time. Crypto News Room does not endorse any presale offering.

$XRP slid roughly 8% over the past week and is down more than 40% from its July 2025 cycle high above $3.60. The 50-day simple moving average sits near $1.31, with immediate resistance around $1.39 and support near $1.10.

Market participants are watching whether the token can hold above the $1.30 zone as Bitcoin hovers near recent highs and broader liquidity conditions remain supportive.