XRP has drawn significant attention from the crypto market due to its remarkable surge of over 45% in just six days, reaching a new milestone upon breaking its all-time high. This has solidified its status as a top-performing asset, encouraging bullish sentiment as the Trump administration nears inauguration. Expectations for a pro-crypto stance could further boost XRP.
Top analyst Ali Martinez emphasized XRP's breakout from a bullish flag pattern, suggesting potential continued uptrend towards $4, a crucial milestone. With robust technical indicators and optimism, investors are keenly observing XRP's next market moves.
XRP experienced a volatile week, dropping to $2.32 then rallying to an ATH of $3.40, surpassing its 2018 record. Market sentiment is bullish, with expectations of further momentum. Alongside macroeconomic factors, XRP may benefit from a favorable environment, complementing its technical dynamics for potential gains.
The current trading level of $3.20, following a recent ATH of $3.40, is crucial. Holding the $3.00 support is vital for sustaining bullish momentum and confidence among traders, despite market volatility posing risks for liquidity swings. Investors monitor strength signs or possible reversals, as XRP aims for new highs.
