Ripple (XRP) Rockets to Record Highs: Is This Just the Beginning?
Ripple's XRP just smashed through its all-time high—again. The crypto, long overshadowed by Bitcoin and Ethereum, is now flexing its muscles in the market. But is this rally built to last, or just another pump waiting to deflate?
Why XRP is stealing the spotlight
While Wall Street hedgies debate their 2% bond yields, XRP holders are watching charts turn vertical. The token's surge comes amid renewed institutional interest and a flurry of settlement use cases—proving once again that real utility trumps hollow hype.
The skeptics aren't convinced
Detractors point to XRP's regulatory baggage and the crypto's history of violent retracements. 'This smells like 2017 all over again,' muttered one trader while adjusting his tinfoil hat—right before missing the next 20% leg up.
Where's the ceiling?
With traditional markets looking increasingly like retirement home activities, crypto's high-stakes casino keeps drawing fresh capital. XRP's latest breakout suggests the smart money's betting this isn't just another dead cat bounce—but in crypto, even dead cats sometimes get nine lives.
$XRP sets new all-time high
Source: TradingView
Since retesting a local bottom at $1.91, the $XRP price has just surged and surged, taking everyone by surprise, except no doubt, the grand XRP army, who are now probably wearing smiles to match their fortitude in holding a coin that many might have thought was on the way to zero.
This 92% pump has been reward indeed for all those who held on through the misery of that descent to $0.11 following the bull market top of January 2018.
As things stand, some investors could be shorting $XRP right now, content in the knowledge that after such a huge rise in price, and with the all-time high now broken, this heavily-backed altcoin might have had its day.
However, massive caution is advised. Yes, there is likely to be a lot of volatility now that the top has been surpassed, but as can be seen in the short-term price chart above, the $XRP price has been back to exactly tag and retest the previous all-time high before rising again. Look out for some swings this way and that, but if the price stays above $3.40, there could eventually be another break even higher.
$XRP bulls look to build on top of previous high
Source: TradingView
The daily chart shows the sideways price action since December 2024. While this might have frustrated some, this was building the price structure for this latest surge. If the bulls can keep the price above $3.40, or perhaps above $3.00, this can provide the platform for further growth.
A slight concern is the height of the Stochastic RSI indicators, which will have to come down and reset at some point. At the same time, the RSI is showing that the indicator still hasn’t surpassed the previous peak at just above 95.00. Given that price action is rising, the indicator will need to avoid a downtrend which could signal bearish divergence.
Do not fade $XRP
Source: TradingView
The weekly time frame puts the position of $XRP into perspective. While the years through most of 2021 to the end of 2024 were extremely lean, the vertical price pump, once the price had got above the descending trendline, is something to see.
The bulls were then able to lay down quite a bit of price structure on top of the 2021 previous high at $1.96, enabling the eventual surge out of the descending trendline.
Where to next? The bulls will try and flip the blue resistance line into support, which will happen if the price is still above at the end of this week.
The MACD at the bottom of the chart looks very bullish, with a strong cross up of the blue indicator line above the orange signal line. Also, a potential series of green bars may have just begun in the histogram. Do not fade $XRP.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
