Is XRP's Price Reaching an All-Time High of $4?

Traders believe that XRP could return to its seven-year high of above $3.40 and beyond, but its continued bullish potential depends on holding the price above key support levels.

Data from Cointelegraph Markets Pro and TradingView shows that the price of $XRP

XRP bounced off the 200-day SMA at $2.08 on May 6, rising up to 4.5% to a daily high of $2.17, which is also the 50-day SMA.

The 200-day SMA aligns with the volume-weighted average price (VWAP) and monthly rVWAP, as shown in the chart below.

“This is the area we want to continue to defend,” trader and analyst Dom said in a post on May 6 on X, adding that if it cannot hold above this level, XRP could drop to $1.90.