XRP on the Verge of New All-Time High? Analysis Points to Possible Price Explosion in a Few Days

XRP On the verge of a new all-time high? XRP has shown interesting resilience in its recent price action, holding above a key support level. This has sparked discussions about the token’s potential to reach new all-time highs. In January 2025, XRP has shown promising signs of recovery. Amid the dip this week, whales took advantage to massively buy around 1 billion XRP in the last 48 hours, according to data shared by analyst Ali Martinez, suggesting confidence in the token's potential breakout.

A recent technical analysis shared on the X platform by trader The Great Mattsby suggests that the token could be gearing up for a significant breakout in a few days. The XRP cryptocurrency has been holding steady above the $2 support and consolidating near the 0,786 Fibonacci retracement level, which is often characterized by bullish trend reversals.

If XRP manages to break above the 0,886 Fibonacci level at $2,36, it could propel the price towards a new ATH. The highest price paid for XRP (XRP) was $3,40, which was recorded on January 7, 2018 (approximately 7 years ago). In comparison, the current price is 28,96% lower than the all-time high. Another interesting point of the analysis is XRP’s position in relation to the Ichimoku Cloud. By staying above the cloud, XRP reinforces the bullish outlook.

According to the analysis, XRP may undergo a brief period of testing the resistance around $2,35 before starting its decisive bullish move. If the token’s price manages to break above the $2,36 level, it could trigger a rapid appreciation, which would take Ripple’s native cryptocurrency to new all-time highs.

“This daily chart suggests that $XRP may be just weeks, if not days, away from a breakout towards all-time highs. Maybe it’s just a one-time thing to touch the cloud ONCE before the launch,” wrote the analyst.

XRP is leading the gains among the largest cryptocurrencies on the market today, reclaiming the third spot by market cap after overtaking Tether (USDT). At press time, the price of XRP was trading at $2,40, up 4.2% in the last 24 hours.

XRP Price to Explode 520%? Analysts Warn of Historic Breakout

O XRP price Will Ripple Explode 520%? Ripple’s native cryptocurrency, XRP, has been attracting attention among analysts and enthusiasts with incredible projections for its significant development since November 2024. Amid the token’s epic growth, analysts are warning of a historic breakout in its price, with potential increases of over 400% or even over 500%.

Renowned cryptocurrency analyst Ali Martinez has suggested that XRP may be forming a bullish technical pattern and this move could lead the cryptocurrency to an exponential breakout. “XRP is still consolidating within the pennant of a massive bullish pennant pattern. Until the $2,73 resistance is broken, a pullback to $2,05 remains possible before a potential breakout to $11!” he stated.

In the same vein, other analysts are predicting an even more bullish bull run for XRP towards an impressive $15. Should it reach the target, this would equate to an increase of around 520% ​​from its current price.

Based on Fibonacci levels and Elliott Wave Theory, cryptocurrency expert Egrag Crypto has predicted that the price of XRP could reach a historic high of $15. In a recent analysis, the analyst emphasized that a decisive breakout is imminent soon.