Here's Why XRP Could Reach a New All-Time High | Credit: Hameem Sarwar
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Key Takeaways
The XRP price attempts to reclaim the $3 horizontal resistance area.
XRP has likely completed wave four in a five-wave upward movement.
Will XRP reach a new all-time high price before the end of the year?
After weeks of consolidation, XRP is once again testing the key $3 level.
Bulls have regained momentum after the June breakout, despite a steady summer correction.
The big question now is whether XRP can finally push past $3 and set fresh highs.
XRP Breaks Out
XRP’s weekly chart shows a sharp shift in momentum after a difficult summer.
The token broke out from a long-standing diagonal resistance trend line in June, posting two massive bullish candlesticks that carried it to a new all-time high of $3.66 in July.
That rally quickly faded, however, leading to a seven-week slide. The trend only reversed when XRP bounced off the diagonal resistance — now acting as support — sparking the current upward move.
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At the time of writing, XRP is trading within the critical $3 horizontal zone.
This area, which marks the previous all-time high, has become the battleground for bulls and bears. A decisive reclaim could set the stage for fresh highs, while rejection may signal another pullback.
Technicals lean bullish after a breakout above a short-term diagonal resistance, but indicators flash mixed signals.
Both the Relative Strength Index (RSI) and the Moving Average Convergence/Divergence (MACD) remain above their neutral levels, yet both have begun to show bearish divergences — a sign that upward momentum could be weakening even as price action holds strong.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
