XRP Primed for Explosive Rally—New All-Time Highs Incoming, Analysts Warn

XRP isn't just knocking on the door of history—it's kicking it down. After months of consolidation, the embattled crypto is flashing technical signals that scream 'breakout.'

Bulls are circling as key resistance levels crumble. One analyst points to a textbook bullish pennant formation—a pattern that often precedes parabolic moves. Meanwhile, trading volume is spiking, suggesting institutional players are quietly accumulating.

The timing couldn't be more ironic. Just as traditional finance pundits declare 'crypto winter,' XRP's chart is painting a very different picture. Of course, Wall Street will probably take credit if this rally materializes—after calling it a scam for years.

All eyes now turn to the $3.40 price zone. That's the last major hurdle before XRP could rewrite its record books. Will this finally be the run that silences the skeptics? The market's about to vote—with cold, hard capital.

It has been a fantastic period for the entire cryptocurrency market, which started last Wednesday and culminated (at least for now) yesterday when bitcoin soared by over $15,000 and charted a new all-time high at just over $123,000.

XRP also benefited from the market revival and shot up from its consolidation range of around $2.2-$2.3 to $3.05 (on Bitstamp), thus exceeding that level for the first time since early March.

Ripple’s token broke out of the consolidation phase by confirming an inverse head and shoulders pattern. Now, the same analyst who predicted the price surge from $2.3 to $2.6 and beyond is making even bolder claims.

“XRP is testing the top of the channel at $3. A weekly close above the $3 resistance could trigger a breakout to $4.80,” Martinez said, which WOULD automatically mean uncharted territory, since the asset’s current peak stands at $3.4, according to CoinGecko.

Consequently, Martinez, who has roughly 140,000 followers on X, asked, “XRP is screaming all-time highs – are you seeing this?”

The cross-border token, which became the third-largest in the cryptocurrency market after its rally last week, was stopped at the $3 resistance and now sits below $2.9.

However, the overall market sentiment remains highly bullish, and today’s correction has been perceived as a healthy one following several days of “up only” trading action.

History is also on XRP’s side. As reported recently, the asset’s latest performance has mirrored a 2017 pattern, which resulted in a massive triple-digit price surge. As such, another analyst predicted a 250% pump that could drive XRP toward $10.

Meanwhile, the CEO of SBI Global Asset Management praised the third-largest cryptocurrency due to its growing role in global remittance and claimed that it represents “the wealth transfer of our generation.”