XRP Hits Seven-Year High After 16% Surge, Is A New ATH Around The Corner? 🚀
XRP has reached a new multi-year high after surpassing the $3 mark, intensifying bullish sentiment among investors and analysts. This resurgence comes amid a broader market recovery, with many believing the path to a new all-time high (ATH) may be underway.
Rising over 450% since November, XRP has been one of the best-performing cryptocurrencies after the post-election pump. It has consistently traded above key support zones, holding firm against market corrections. Recently, XRP passed the key $3 barrier, trading just 12% below its ATH of $3.4.
Analyst Carl Runefelt and others have noted XRP's retesting of resistance levels within a symmetrical triangle pattern, ultimately leading to this surge. Meanwhile, analyst Ali Martinez reported increased whale activity on the XRP network, reflecting strong momentum.
Moreover, notable accumulation of XRP by wallets holding between 1 million to 10 million tokens has led analysts to predict further upward momentum, with potential future targets set at $4.
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