XRP has been maintaining a strong trend, recently surpassing $3.50 (approximately 4,865 won), with some market experts drawing attention from investors by forecasting that XRP's price could potentially reach up to $15 (approximately 20,850 won). A prominent cryptocurrency analyst 'Ali' recently shared a technical analysis on X (formerly Twitter), stating that XRP has broken through its long-term downward resistance line and "the possibility of setting a new all-time high is becoming a reality".
According to Ali, XRP had been trading within a triangular convergence zone for several months and has recently strongly broken through this zone, reaching a turning point. The published XRP/USDT weekly chart captured a strong upward movement breaking through $3.50 (approximately 4,865 won), which is one of the key technical indicators the entire market is closely watching. Ali noted, "This pattern showed typical characteristics of a bullish flag breakout" and proposed a next target price of $15 (approximately 20,850 won).
In fact, XRP has shown a strong rebound, rising more than 23% over the past week, leaving only 7.3% below its previous all-time high of $3.84 (approximately 5,338 won) recorded in 2018. From a technical perspective, this suggests that XRP has completed a long-term convergence and entered a new upward phase.
However, market reactions to this rapid surge scenario are mixed. Some XRP supporters expressed expectations that reaching $15 could be possible, while more conservative investors raised doubts, arguing that "the prediction seems excessive for an immediate boom period".
Meanwhile, XRP showed a slight short-term decline, trading at $3.55 (approximately 4,935 won), down 1.59% at the time of reporting. However, macro-positive variables are also stimulating market expectations. Particularly, with rumors resurging that the U.S. Securities and Exchange Commission (SEC) is reviewing XRP ETF approval, there are prevalent predictions that XRP's price might see significant movements before and after the potential announcement.
Currently, XRP maintains the third position in market capitalization among all cryptocurrencies, and expectations for a medium to long-term rally are expected to grow further if the possibility of entering the institutional market, such as ETF approval, increases.
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