With a monthly surge of 378.98%, Ripple Labs native token “XRP” is trading at a discount of only 36.08% from its ATH of $3.84, which was recorded on 04th January 2018. Moreover, with the average profit/loss of XRP holders crossing +225%, the XRP token has outperformed all major tokens.
Amid such volatility in the altcoin market, let’s find out the possible short-term possibilities of the Ripple (XRP) crypto token.
For the first time since November 2018, the XRP price has reclaimed the 03rd position in the global cryptocurrency business by market cap. Notably, with a trading price of $2.4470, this altcoin is trading at a 6-year high.
Moreover, with the recent price pump, the Ripple price has breached its resistance trendline of the rising channel pattern in the 1D time frame. This shows a positive price outlook for the XRP altcoin this week.
The technical indicators SMA and RSI have each recorded a strong bullish price action in the daily time frame. This suggests a massive rise in the buying-over-selling pressure for this altcoin in the cryptocurrency market.
With a 24-hour surge of ~33% and a trading volume of $28.213 billion, a change of 104.27%, the Ripple (XRP) crypto token has reclaimed a multi-year high in its valuation. Notably, it has outperformed both Tether and Solana in terms of market capitalization.
With a market cap of $139.701 billion, the XRP crypto is now valued ~04% above Tether’s “USDT” and a massive ~26% above Solana’s “SOL” token.
If the market continues favoring the bulls, the Ripple price could smash its $2.5 mark. Maintaining the price at that level could set the stage for it to head toward its upper price target of $3 during the upcoming days.
On the contrary, if the bearish trend reversal occurs, the XRP coin price could potentially retest its support trendline of $2.25. Furthermore, if the bears dominate the crypto space, this altcoin could retest its lower support of $2.00.
Wondering what’s next for the Ripple price after it achieves a new all-time high? Read CoinPedia’s XRP Price Prediction and subscribe to us to stay updated on the latest crypto-related news!
If the bullish sentiment sustains, the Ripple token could reach a maximum of $4 in 2025.
With a monthly return of ~380%, this altcoin is micro-monitored by top investors and whales of the crypto market.
With bullish price action, the XRP crypto may surpass the $10 mark by 2030.
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