The cryptocurrency market is heating up as XRP – one of the oldest and most prominent altcoins – experiences a strong rally, prompting a series of optimistic predictions from renowned analysts. According to the latest technical analyses, XRP has confirmed breaking out of a prolonged accumulation pattern and is on the way to a new all-time high (ATH).
The XRP Train Has Left – ATH Target Above $4.60
Technical analyst Captain Faibik stated on the social media platform X that 'the XRP train has left the station', referring to the major rally that has officially begun. He believes that XRP has confirmed breakout from the $2.30 threshold – an important resistance area – and has now risen over 20% since the breakout. Faibik's forecast sets the next price target for XRP at $4.60, above the previous ATH ($3.84) and marking a new historical milestone for this altcoin.
Other Analysts Predict XRP Will Set New Records
Not only Captain Faibik, many other well-known analysts also share a similarly positive outlook.
Egrag Crypto notes that XRP is very close to a breakout, provided that the 3-day candle must close above the peak of the candle on March 2 ($3.010). If this condition is met, XRP could quickly advance towards ATH.
Titan of Crypto points out that XRP has broken out of a descending triangle pattern that has lasted for months. According to him, this breakout momentum could push the price to $3.80, touching the previous historical peak and paving the way for new highs.
XRP Aiming Towards Psychological and Fibonacci Resistance Levels
Currently, XRP is trading around $2.93, up more than 4% in the past 24 hours (according to data from CoinMarketCap). Technical analysts are closely monitoring the price reaction around the $3 area – a psychological resistance and also a key threshold to affirm the long-term upward trend.
Analyst CasiTrades emphasizes that the RSI indicator is showing extremely strong momentum, indicating that buyers are completely in control of the market. According to her, XRP has completed the retest of the $2.70 area and is heading towards the Fibonacci resistance at $3.04. If this level is broken, the next target will be $3.40, reinforcing the upward trend and bringing the current ATH into focus.
Conclusion: Will XRP Set a New Record Soon?
The synthesis of the above analyses shows that the market is very hopeful for a sustainable bullish cycle of XRP. From technical signals to market momentum, all factors are supporting a clear bullish trend. With this coin having broken out of the accumulation zone and important resistance levels being gradually overcome, a price above $4.00 is entirely achievable in the coming weeks if the current trend is maintained.
However, like any other market scenario, investors still need to be cautious of sudden volatility and manage risks appropriately. Nevertheless, the road to a new ATH for XRP seems to be just a matter of time.