XRP requires a 28% price surge to reclaim its record high, trading near $3.08 against its all-time peak of $3.80. Market analysts identify recent legal successes, particularly the decisive victory in the long-running SEC lawsuit, as a pivotal factor restoring investor confidence in the digital asset.
Technical indicators suggest room for growth but preclude expectations of immediate explosive price action. The Relative Strength Index (RSI) hovering near 54 places XRP squarely in neutral territory, indicating potential movement without signaling imminent bullish momentum.
The prevailing market narrative, heavily influenced by regulatory developments, plays a crucial role in XRP’s trajectory. Its position as an asset recently vindicated through legal channels aligns well with current market themes, potentially sustaining investor interest.
However, achieving a return to peak valuation depends on consistent market support and sustained trading volume. Analysts emphasize that despite positive narratives and legal clarity, robust liquidity and sustained buying pressure remain essential prerequisites for XRP to overcome the significant 28% price gap.