Will XRP Price Hit All-Time High With Ripple’s RLUSD Launch?
Today’s Ripple News: XRP has been in a bull run since the US election, with its price surging to nearly $3 earlier this month. XRP is currently trading at $2.47, rising by 1.62% following news of Ripple launching the RLUSD stablecoin. Analysts believe that XRP has the potential to reach $3.55 if the SEC concludes its appeal and clears XRP of regulatory issues. This price target is based on the idea that once XRP’s legal challenges are resolved, the token could see a significant rise.
By comparison, Bitcoin is up just 46% since the election, while the broader cryptocurrency market has seen an impressive double-digit gain of 93%. XRP showed positive gains, successfully outperforming Solana and Tether. CNBC recently reported that XRP was one of the biggest winners from the Trump-led cryptocurrency rally, rising as much as 370% since the election. This entire process makes XRP an even greater asset.
Analysts Bullish on XRP Price Outlook
Popular cryptocurrency trader DonAlt, who correctly Predictive XRP’s massive rise in November has led to the belief that if it can break out of its current trading range, the coin could double again. According to DonAlt, since early December, XRP has been hovering between support and resistance levels around $2.20 and $2.60 after failing to break above the $3 mark. However, if XRP can break above the $2.60 resistance, analysts predict that it could trigger a new wave of bullish momentum, potentially pushing the price higher.
Technically, XRP can go higher
EGRAG point Find out the technical factors behind XRP’s breakout. Among them, historical market cycle and Fibonacci analysis predict that XRP’s market dominance may increase to 5.9% or even 6%. If this happens, the price of XRP could explode.
EGRAG even stated that if Ripple achieves its $5 trillion market capitalization forecast, the price of XRP could reach between $8.77 and $17.54, depending on its share of the global cryptocurrency market. Currently, XRP’s market dominance has risen to 2.09%, a significant rebound after its recent surge above $1.
XRP is currently only 27.3% away from its all-time high set seven years ago, and the excitement surrounding XRP’s future is only growing by the day. With RLUSD in the pipeline and IPO on the horizon, XRP’s prospects are bullish, and investors are backing Ripple’s positive ending with the SEC, which has hampered XRP’s growth for a decade.
