XRP is at a critical point in its journey, facing a major resistance hindering its rise. Breaking through could propel the crypto towards $4.80 in a potentially explosive move. Discover why this scenario is realistic and what to monitor in the coming days.
For several months, the XRP price has regularly tested the psychological $3 level without managing to establish itself there permanently. However, things seem to have changed in recent weeks. Since its April low of $1.90, the second-largest cryptocurrency has displayed a marked bullish trend, with highs that continue to rise.
According to crypto analyst Ali Martinez, this change in dynamics is an important signal. “If XRP closes this week above $3, it could be the catalyst for a push toward $4.80,” he writes on X. This would be a record level, nearly 60% above current prices.
This potential XRP surge comes amid a favorable crypto environment. As Bitcoin just reached an all-time high of $123,000, investors are regaining confidence in altcoins. XRP is benefiting from this trend and has reclaimed its position on the podium of the largest cryptocurrencies.
Meanwhile, the legal situation also seems to be clarifying. After four years of uncertainty, the parties involved in the legal battle between Ripple and the SEC now appear to be converging toward a definitive agreement.
Furthermore, Ripple is accelerating its development strategy. In July, the company filed for a federal banking license with the OCC in the United States. The goal is to establish a lasting presence in the traditional financial sector.
This renewed confidence is also reflected in the growing appetite of major players for XRP. Eleven asset managers have filed applications for a Spot ETF, while ProShares recently launched leveraged products linked to the token.
With potential gains of nearly 60% from current prices, XRP seems well-positioned to set a new all-time record in the coming weeks. Both technical and fundamental signals are green, legitimizing investor optimism.
Here’s a simple guide to get XRP on Bybit :
Passionate about the crypto world, he explores the blockchain ecosystem to extract the most essential insights. With his expertise in SEO and web writing, he transforms news and technical analysis into clear, engaging, and impactful content. His goal? To help investors better understand the opportunities and challenges of the crypto market.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
