
When Will XRP Price Go Up?
Crypto markets are once again heating up, and XRP is finally showing signs of a major breakout. Investors are closely watching the developments, and some analysts believe that the market might be witnessing the beginning of a much larger rally that could propel prices to new all-time highs.
At the time of writing, XRP is trading at $2.18, having increased nearly 5% over the past week while bouncing off recent lows. Many are asking: Is this the moment we’ve been waiting for? Could it be the start of Altcoin Season?
While Bitcoin continues to push towards the $95,000 mark, Ethereum has quietly taken the lead in its price action, outperforming not only Bitcoin but also many altcoins. This trend hints at the possibility of the commencement of Altcoin Season Phase 2.
When Ethereum gains strength and breaks above key resistance zones, it often serves as a bullish sign for the entire altcoin market, including XRP. If ETH breaks through these levels, the market may see a broad rally across major altcoins, with XRP likely to benefit from such an event.
The next level of importance for XRP is the $2.57-$2.58 range, which represents previous highs from March. A breakout above this zone could potentially open the door to higher price discovery levels. Some bold predictions are circulating, with targets ranging from $33 to $50 and even higher, based on technical patterns like the “cup and handle” formation.
Fundamentals Behind the Surge
The overall crypto market cap is approaching the $3 trillion mark, and sentiment is shifting towards a more optimistic tone as depicted by the Fear & Greed Index—a sign that traders are growing increasingly bullish. XRP’s strength isn’t solely driven by hype. Its Bitcoin and dominance charts are coiling in a tight range, signaling an imminent explosive breakout.
As Bitcoin dominance begins to decline, XRP and other altcoins are expected to benefit significantly.
Source: https://coinpedia.org/news/when-will-xrp-price-go-up/