Ripple’s XRP Failed in January: Can It Succeed in July?
2025-07-17 11:04:36
Main Idea
XRP has experienced a significant price surge, rising over 70% since June, and is nearing its all-time high of $3.4, with potential for further gains depending on market conditions and technical factors.
Key Points
1. XRP fell below $2 in late June during the Israel-Iran conflict but quickly rebounded to $2.2-$2.3, a range it maintained for most of the past period.
2. Last week, XRP surged by 33%, outperforming Bitcoin's 6.7% weekly gain, reaching $3.25, just 4.5% below its January 2018 peak of $3.4.
3. The $3.4 level is seen as a psychological and technical ceiling, with XRP previously being rejected at this point in January.
4. ChatGPT noted that the RSI is below 70, indicating potential for further upward movement, and mentioned factors like ETF momentum could help XRP break through the $3.4 level.
5. If XRP surpasses $3.4, analysts predict the next target could be around $4.80.
Description
TL;DR There’s something in the cryptocurrency air in the past week or so, as bitcoin broke out of consolidation, marched to a new all-time high, and brought the entire market with it. Ripple’s cross-border token is among the biggest beneficiaries of this rally, having surged to well beyond $3 and close to its all-time high of $3.4. But can it finally do it now? The Rise Just look at the graph above, which paints a vivid picture of XRP’s massive run experienced lately. The asset had fallen below ...
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