If XRP ends the week at this level, it will hit a record high of $4.8
The post If XRP ends the week at this level, it will hit a record high of $4.8 appeared on BitcoinEthereumNews.com.
Cryptocurrency trading expert Ali Martinez is projecting that XRP could rally to a new all-time high near $5, provided the token secures a decisive weekly close. Martinez noted that XRP is showing renewed strength on the weekly chart, emphasizing that breaching $3 would serve as the key catalyst for a breakout to new highs at $4.9, he said in an X post on July 16. XRP price analysis chart. Source: TradingView The analysis highlighted that XRP has repeatedly tested the $3 mark since early 2025 but has consistently failed to close above it, reinforcing its role as a major resistance level. However, recent price action shows a shift in momentum, with XRP forming higher lows since bottoming near $1.90 in April. The steep rally into mid-July, which saw XRP briefly reclaim $3, suggests strong buying interest, putting the token on the brink of a critical breakout. Now, if buyers can push the price above $3 and hold it through the weekly close, the setup would confirm a bullish continuation, targeting $4.80, which is nearly 60% above current levels. XRP fundamentals Overall, XRP has been on a bullish run in line with broader market sentiment, driven by Bitcoin’s (BTC) rally to a record high above $123,000. This momentum has helped XRP reclaim its position as the third-largest cryptocurrency by market cap. The rally also follows the U.S. Securities and Exchange Commission’s decision in late June to drop its appeal in the long-running case against Ripple, ending four years of legal uncertainty. Both parties are now exploring a settlement pending court approval. Adding to the optimism, Ripple applied on July 2 for a federal bank charter with the Office of the Comptroller of the Currency, signaling an ambitious move into regulated financial services. Investor interest is also rising, with eleven asset managers…
