Key Takeaways
- XRP price generates much buzz as price trades above a 7-year high, and the price could go higher.
- XRP technical analyses by crypto top trader Ali suggest the price could hit $10 at least and $50 before the end of the crypto bull run.
- Investors increased wallet activity in the past two days as XRP could continue to rally.
Ripple (XRP) continues to rock the crypto space as price hits a new record high of over 7 years, rallying by more than 50% in the past two days as price trades above $3.3. Ripple (XRP), which never paid attention following its price collapse due to its lawsuit with the US SEC (Security and Exchange Commission), could make history by generating much buzz and gaining attention from investors.
On-chain data suggest the rise in activity on the XRP wallet has been incredible, with an over 37% rally. If the price of XRP continues its upward price movement, more activity could take place.
XRP currently trades as the largest crypto altcoin with over $190B market cap, as interest and FOMO for XRP continue to increase. There is also speculation that XRP will be used as part of the Federal Reserve’s digital assets, as the founders met with Donald Trump to discuss more, which has been welcomed as a good fundamental catalyst.
XRP’s Rise To Popularity
XRP’s current price rally has been historic and the fastest since its market dump in 2018, leading to many exchanges delisting the token from their platforms. Technical indicators are all looking extremely bullish for XRP, suggesting the price could continue to go higher, as crypto analysts are beginning to suggest the price could be replicating its rally of 2017.
Ripple’s (XRP) current price rally is more than hype as the price continues its uptrend to a new all-time following its use case, strong community backing, and strong technical and fundamental price rally, indicating the price of XRP could see more upside in the coming weeks as it has more room for growth.
XRP Price Prediction By Famous Crypto Analyst
Source – XRP Price Prediction By Ali On X
Before the current price action by XRP, the price formed a classic bullish ascending triangle as the price breakout from this channel as top crypto analyst Ali on X took to analyze why XRP could be replicating its price rally of 2017, stating that he expects the least target for XRP to be $8 to $10.
Technical indicators and a higher timeframe have shown that the price rally for XRP has been justified after struggling to trend higher. The price has demonstrated strong price conviction, as Ali highlighted he expects the price of XRP to rally as high as $50 before the end of the current bull market.
Technical indicators predictions:
MACD (Moving Average Convergence Divergence) – Bullish
RSI (Relative Strength Index) – Trades above 60
Key ADA Support Zone – $3
