With its recent multimonth high of $3.66, XRP has roared back into the spotlight, reigniting interest in the altcoin’s potential. Both traders and analysts are returning to long-term targets as bullish momentum builds and technical charts light up; some are even forecasting a rise above the market’s all-time high.
XRP has emerged from consolidation with robust volume and improving market sentiment following months of sideways movement. The rally follows a string of positive developments, including Ripple’s expanding global alliances, the clarification of the law by US courts, and the growing adoption of the XRP Ledger in business applications.
Technicals Recommend a Space to Run
Market analysts believe that XRP’s recent move above $3.50 has cleared a significant resistance zone, paving the way for a possible short-term push toward $5. A sizable cup-and-handle formation is one of the chart patterns that suggests more upside. According to Fibonacci extensions plotted from the 2020–2021 cycle, XRP may hit the $7–$10 range during this cycle if momentum holds.
On-chain data also supports the bullish argument. Exchange reserves are declining, the number of long-term holders is continuously rising, and whale wallet holdings are increasing. Despite the price spike, funding rates have remained steady, suggesting sound leverage conditions as opposed to speculative froth.
Analysts caution that there is still a chance for a brief correction. The rally could be halted by a breakdown below the key support levels, which are located close to $3.20 and $2.85. However, XRP may regain its all-time high of $3.84 from 2017—and perhaps even surpass it—if the macro environment stays favorable and Ripple keeps up its global push.
Although some bullish traders are floating price targets as high as $10 to $15, a lot will depend on ongoing regulatory clarity, adoption, and overall market cycles.
Also read: Can XRP Hit $20 Soon? Analysts Say the Bull Run Is Just Getting Started
