XRP Jumps Above Ichimoku Cloud. Is ATH Next?

Key Points

1. XRP broke out of its long-term descending triangle and surged above the daily Ichimoku Cloud, signaling a potential bullish trend.

2. The XRP price reached $2.40, the highest level in recent trading, but trading volume is not strong enough to confirm sustained momentum.

3. Whales holding at least 1 million XRP tokens reached a record high of 2,742 wallets, which could drive the price toward a new all-time high.

4. XRP's previous all-time high was $3.40, achieved over seven years ago, and the token has come close to surpassing it earlier this year.

5. Technical indicators suggest that maintaining above $2.30 is crucial for XRP to sustain its upward momentum.