XRP may have suffered a 10% drop in the past 24 hours, but market experts aren’t counting it out just yet. Despite the setback, analysts suggest the token could still be on track to surpass its 2018 peak—if current market dynamics continue to favor altcoins over Bitcoin.

Currently priced at $3.21, XRP is still trading below its January 2018 all-time high of $3.84. However, it recently touched a year-to-date high of $3.66, and some in the industry believe that the breakout potential is far from exhausted. According to Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, the volatile nature of crypto markets makes precise forecasting difficult—but if the current altcoin rally holds, seeing XRP breach its previous high wouldn't be surprising.

A key factor in this outlook is capital rotation. Over the past month, Bitcoin dominance has fallen by more than 5%, and CoinMarketCap’s Altcoin Season Index has officially moved out of “Bitcoin Season.” With liquidity flowing into alternative assets, XRP stands to benefit from increased investor interest and shifting market sentiment.

Enzersdorfer-Konrad points out that XRP's short-term moves are largely driven by broader altcoin momentum rather than any single catalyst. The absence of a unique trigger means XRP’s performance will likely mirror the health of the overall altcoin space. If liquidity and confidence across altcoins continue to grow, XRP could ride that wave higher.

Technical indicators also paint a cautiously bullish picture. XRP is holding above its 50-day exponential moving average, signaling ongoing support, while its relative strength index (RSI) hovers near the neutral 50 mark—indicating neither overbought nor oversold conditions.

Some analysts are setting ambitious targets. Crypto commentator Dom believes XRP could climb into the $7–$10 range, depending on how the broader market evolves. Whether or not that prediction materializes, one thing is clear: XRP’s fate is now closely tied to the strength and staying power of the current altcoin surge.

As always, investors should approach the market with caution. This article is for informational purposes only and does not constitute financial advice.$XRP