Will XRP Price Hit ATH This Week?

XRP price has seen a notable surge recently, reaching levels not observed since 2018, sparking excitement among investors. The cryptocurrency’s impressive upward momentum aligns with the broader bullish trend in the market, showing no immediate signs of slowing. This rally has led to growing speculation about whether XRP can push past its all-time high (ATH) in the coming days.

Can XRP Price Hit ATH After a Massive Bullish Surge

Crypto expert tweeted that the recent market retracement for XRP signals a strong price movement, with expectations pointing toward a potential breakout. According to the expert, the price of XRP is likely to surge to an all-time high of $3.80 within the next 24 hours. 

XRP has been showing remarkable resilience, and with this latest trend, many believe the digital asset is on the cusp of a major rally. Strong technical indicators and increasing market sentiment fuel the anticipation.

XRP price has recently witnessed an strong rally, erasing over three and a half years of losses in a matter of weeks. The Ripple has surged more than 430% since Donald Trump’s reelection as U.S. president, pushing its price from under $0.5 to surpass $1, then $2, and eventually hitting $2.60. 

This breakthrough comes after XRP broke out of a multi-year symmetrical triangle pattern, signaling a potential continuation of its bullish momentum.

Ripple Price Eyes For A Bullish Break Out

The past week has been particularly eventful for XRP, as its market capitalization soared past the $150 billion mark, a level not seen since 2018. This resurgence is largely driven by rising expectations surrounding the imminent approval of Ripple’s stablecoin, RLUSD, by the NYDFS.

With XRP’s recent performance, speculation is growing that the cryptocurrency could reach its ATH of $3.84, set in January 2018. As the bullish trend continues, analysts believe that if momentum builds further, the Ripple price could break its previous record and enter new price territory.

The Ripple explosive growth has sparked widespread interest in the crypto market. XRP may be on the verge of achieving a major milestone if the momentum continues.

The price of XRP hovered at $2.45, reflecting a notable 45% surge over the past week. This rally captured market attention, with a slight increase in the last 24 hours, continuing the bullish momentum. On the technical front, the Relative Strength Index (RSI) on the 4-hour chart sits at 63, indicating that XRP is nearing overbought conditions.

In conclusion, the impressive surge in the XRP price, driven by strong momentum and market sentiment, could push it toward an all-time high. With growing speculation and technical signals, Ripple is on the verge of a major breakout.