Major Price Forecasts for XRP Arise Following New Record High for Ripple

After weeks of lateral movement, XRP surged past $3.65, reaching a new all-time high. This move followed the passing of three cryptocurrency-related bills by the U.S. House of Representatives, including the Genius Act. With the price surpassing the previous $3.40 high, analysts are predicting further increases towards $3.80, $4.33, and $4.72 in the short term.

Crypto analyst Javon Marks posits that XRP could still head towards $10, based on fractal patterns and Fibonacci extensions. XRP's market cap also soared to $215 billion at its peak, and over $23 billion in trading volume was noted in the last 24 hours, indicating strong retail activity on Coinbase and Kraken. Despite showing overbought conditions with an RSI reading of 89, the MACD indicator suggests continued upward momentum if buying pressure remains robust.