With the ongoing rally, XRP has become the third-largest cryptocurrency by market capitalization, surpassing Tether (USDT) and Binance Coin (BNB). The altcoin’s market cap has increased by over 450% since November, reaching $130 billion. As the altcoin continues to outperform the market, investors and analysts are becoming increasingly bullish on its prospects. Some have even suggested that XRP could be the next cryptocurrency to reach a new all-time high, following Bitcoin and Ethereum. However, it’s important to note that the cryptocurrency market is highly volatile, and prices can change rapidly. As such, investors should always do their own research and exercise caution when investing in cryptocurrencies. XRP’s Surge: A New ATH In Sight? With XRP’s recent surge, many investors and analysts are wondering if a new all-time high is on the horizon. While it’s impossible to predict the future, there are a few factors that suggest XRP could be on its way to a new ATH. First, the altcoin has been one of the best-performing cryptocurrencies in recent months, outperforming most of the market. This strong performance has fueled investors’ and analysts’ bullish sentiment, suggesting that the race to a new ATH has started. Second, XRP has broken out of a multi-year downtrend line against its BTC trading pair, which has historically been a bullish signal. If the altcoin were to repeat this behavior, it could see a massive rally to new highs. Finally, the number of large-scale transactions on the XRP network has surged, suggesting that whales are taking note of the altcoin’s momentum. This increased interest from large-scale investors could drive XRP’s price even higher. However, it’s important to note that the cryptocurrency market is highly volatile, and prices can change rapidly. As such, investors should always do their own research and exercise caution when investing in cryptocurrencies. XRP Hits Seven-Year High After 16% Surge, Is A New ATH Around The Corner? XRP has hit a new multi-year high after surpassing the $3 mark amid the market recovery. The ongoing rally has fueled investors’ and analysts’ bullish sentiment, suggesting that the race to a new all-time high (ATH) has started. With XRP’s recent surge, many investors and analysts are wondering if a new all-time high is on the horizon. While it’s impossible to predict the future, there are a few factors that suggest XRP could be on its way to a new ATH. First, the altcoin has been one of the best-performing cryptocurrencies in recent months, outperforming most of the market. This strong performance has fueled investors’ and analysts’ bullish sentiment, suggesting that the race to a new ATH has started. Second, XRP has broken out of a multi-year downtrend line against its BTC trading pair, which has historically been a bullish signal. If the altcoin were to repeat this behavior, it could see a massive rally to new highs. Finally, the number of large-scale transactions on the XRP network has surged, suggesting that whales are taking note of the altcoin’s momentum. This increased interest from large-scale investors could drive XRP’s price even higher. However, it’s important to note that the cryptocurrency market is highly volatile, and prices can change rapidly. As such, investors should always do their own research and exercise caution when investing in cryptocurrencies. XRP’s Surge: A New ATH In Sight? With XRP’s recent surge, many investors and analysts are wondering if a new all-time high is on the horizon. While it’s impossible to predict the future, there are a few factors that suggest XRP could be on its way to a new ATH. First, the altcoin has been one of the best-performing cryptocurrencies in recent months, outperforming most of the market. This strong performance has fueled investors’ and analysts’ bullish sentiment, suggesting that the race to a new ATH has started. Second, XRP has broken out of a multi-year downtrend line against its BTC trading pair, which has historically been a bullish signal. If the altcoin were to repeat this behavior, it could see a massive rally to new highs. Finally, the number of large-scale transactions on the XRP network has surged, suggesting that whales are taking note of the altcoin’s momentum. This increased interest from large-scale investors could drive XRP’s price even higher. However, it’s important to note that the cryptocurrency market is highly volatile, and prices can change rapidly. As such, investors should always do their own research and exercise caution when investing in cryptocurrencies.

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The price of XRP has reached a fresh high not seen in years, breaking through the $3 barrier as the market rebound progresses. This surge in value has ignited optimism among investors and financial analysts, implying that a run towards a record-breaking all-time peak (ATH) may be underway.

XRP Hits $3 After Seven Years

As a researcher examining the crypto market, I’ve noticed that XRP has been one of the top performers following the post-election surge, climbing an impressive 450% since November 6. Over the past two months, this altcoin has outshone many others in the market, managing to maintain its position above crucial support levels even during market corrections.

In December, the cryptocurrency reached its highest point in several years at $2.9, and then stayed within the price range of approximately $1.9 to $2.7 for the remainder of the month. Even with the broader market experiencing a downturn, this altcoin maintained its position within the lower zone of this range, demonstrating that it served as an important support level.

Additionally, over the previous two weeks, XRP’s trading range has been between roughly $2.1 and $2.6. Despite the recent market downturn at the beginning of the year, it has managed to stay above the significant support level at $2.2. Recently, there have been efforts by XRP to breakout from this range, as some analysts have pointed out.

According to analyst Carl Runefelt, XRP was observed testing the downward resistance line in a one-month symmetrical triangle formation. If this pattern holds, we might expect a jump towards the levels reached during the December highs.

On a Wednesday surge, I witnessed XRP’s price catapulting an impressive 30% from Monday’s lows, breaking through the critical resistance level and touching a fresh multi-year peak. Simultaneously, as Bitcoin regained the $98,000-$99,000 zone, it experienced a 17% daily growth spurt, momentarily breaching the $3 mark for the first time since 2018. At this point, my crypto holdings were trading merely 12% shy of its all-time high (ATH) of $3.4.

Following the achieved milestone that was eagerly anticipated, XRP has retreated back to $2.9 and is now examining if it can hold as a potential support level.

XRP’s Rally To New ATH ‘Just Started’

Analyst Ali Martinez mentioned that whales are observing the growing strength of XRP, as a significant increase in high-value transactions on the XRP network was observed. In fact, the post revealed that approximately 341 transactions valued over $1 million occurred within the last day.

According to crypto analysis firm Santiment, it was found that wallets containing between 1 million and 10 million XRP have consistently been purchasing more XRP. This group of wallets has accumulated approximately $3.8 billion worth of XRP since November 12, which represents a significant increase of 37%.

In his recent analysis, crypto trader Miky Bull noted that the altcoin surpassed a long-term downtrend line relative to its BTC trading pair. As per his post, this breakout occurred during November and the digital currency has remained above this trendline for the past couple of months.

Furthermore, the trader emphasizes that, looking at past trends, when XRP surpassed its downward trend line relative to BTC, it triggered a significant surge to record highs. If this pattern were to repeat itself, the XRP/BTC pair could potentially reach around 0.0004. This could translate into XRP’s price being in double digits.

From my observations, I’ve noted that the altcoin could potentially aim for a price point of $4, which would denote a significant leap of approximately 37% from its current value. At the moment, the altcoin is being traded at $2.91, marking an increase of around 11% within the daily trading window.

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2025-01-16 17:38