The major resistance levels remain at $3 and the previous ATH at $3.84, beyond which the upward path seems inevitable.

The price of XRP appears to be preparing to surpass the all-time high reached in 2018.

This is confirmed by a recent analysis by a crypto expert, according to which XRP is holding above a very important multi-year resistance level. A decisive break of this level could pave the way for a rise towards $4.80.

Crypto expert predicts new all-time high for XRP very soon

Ali Martinez, a well-known cryptocurrency analyst, stated yesterday on X that XRP is trading just below a key resistance located at $3.

This level has prevented XRP from reaching a new all-time high above $3.84 for several years. Due to bullish pressure, a break of this resistance is considered possible as early as July.

Once this hurdle is overcome, XRP could first reach $3.84 and then $4.80 according to the levels identified on the weekly charts.

After touching $3.84 in January 2018, the $3 level has consistently acted as strong resistance, preventing XRP from setting new highs for over seven years.

Not even the big rally of 2021 was enough to keep XRP above these levels, also due to the pressure resulting from the lawsuit between the SEC and Ripple.

Why Ripple's situation is different this year

Today, the case against Ripple is closer than ever to a conclusion, and in 2023, it was ruled that XRP is not considered an asset. Following this decision, XRP was relisted on major exchanges such as Coinbase.

In 2024, Ripple resumed its partnerships, while this year saw the successful adoption of the RLUSD stablecoin and the possibility of listing a spot XRP ETF in the United States. All of this is fueling interest from institutional investors and makes it highly likely that it will reach new all-time highs, if sentiment remains positive.

There is also growing interest from retail investors.

Can XRP reach $4.80 by summer?

XRP's price has increased by around 30% over the past week, but it remains difficult to break above $3 in the short term.

This level represents strong resistance, and Ripple's RSI is currently very high. A high RSI indicates that XRP may be overvalued in the short term and could push traders to book profits.

Once the RSI drops below 70, XRP will have more room to rise further. At that point, a break above $3 becomes more likely. After that, Ripple could encounter resistance at $3.30 and $3.40. Once these levels are broken, the stock could target a new high above $ 3.84.

If XRP were to lose value, it would find strong support at $2.70, $2.40, and $2.30. The $2.30 level is supported by both the 30-day and 200-day moving averages. The limited decline seen today after a week of gains suggests that Ripple has not yet exhausted its momentum. A retest of $3.84 in July is therefore possible.

If sentiment remains positive, XRP could reach $4.80 during the summer months. Although Ripple is the third-largest cryptocurrency by market cap, XRP could still offer attractive upside potential in the next phase of the bull market.

If the crypto market becomes favorable enough to allow XRP to hit a new all-time high, smaller altcoins could see even more significant gains. Many investors are hoping for just this and expect smaller utility tokens to perform very well in the next bull cycle.

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