XRP returns to $3 and is on the verge of an all-time high

The cryptocurrency issued by Ripple Labs could be hours or days away from setting records if the upward momentum continues.

XRP has surpassed $3 again after four months and confirms the breakout of the bullish flag it has been forming since November.

If it manages to maintain this momentum, Ripple Labs' cryptocurrency could exceed its all-time high (ATH) of $3.40 in the coming hours or days.

In the following chart, provided by TradingView, the breakout of the bullish flag is clearly visible, a technical analysis figure that often anticipates strong movements in the same direction as the previous trend.

The emergence of this pattern generates optimism among investors, as it usually marks the continuation of a bullish cycle with projections of higher prices.

Now, it is worth asking what the reasons could be that might lead XRP to a price exploration zone.

First and foremost is that the macroeconomic context continues to show positive signals. This is because financial speculators prefer a stable environment to invest in risk assets like cryptocurrencies. When there is economic uncertainty or geopolitical tensions, they tend to place their holdings in safer instruments like Treasury bonds.$XRP #Xrp🔥🔥