🚀 XRP Targets Over 100% Rally — Aims to Break Above $4 on Trendline Test
XRP seems to be targeting higher objectives as the market rises again. The cryptocurrency has failed to reach new all-time highs in the previous seven years, but its present trend implies it may soon. XRP is testing a significant trendline, and if it breaks through, the cryptocurrency will rise by double digits.
Price Testing New Trendline XRP
A TradingView crypto researcher saw a big XRP price chart change that might cause another rise. The test of a declining trendline from last year might determine the outcome this time.
The analyst's chart shows a declining trendline from the January 2025 price increase that took the price over $3.3 again. After then, it fell as XRP reached lower highs over the following five months. This has culminated at just over $2.2, where bulls must stand or risk losing control of the digital asset.
Crypto analyst: This level over $2.2 represents resistance from the mid-January highs, and a breakthrough is needed to prove buyers gaining control. A clean break above this resistance level might revive bullish momentum, creating a good entry opportunity, according to the expert.
If a break occurs, the analyst expects XRP to rise above 70%. A 70% surge would send the price over $3.9, setting new all-time highs. This might happen in the coming months if the market stays positive.
After applying for a US National Banking license to regulate its RLUSD stablecoin, Ripple made news. The crypto business, like Circle, wants a charter license to speed up transaction settlements.
CEO Brad Garlinghouse's announcement sent XRP up 5%. The altcoin should progress quicker if this license is given. Such factors would help push XRP to new highs.
