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XRP is back in the spotlight! After three years, XRP price finally crossed the $1 mark, thrilling investors with an incredible 111% surge in just 15 days. But can the token keep climbing, or will it cool off soon? Let’s break down the numbers and what might happen next.
A Wild Ride for XRP: What’s Driving the Rally?
XRP has been on fire lately. Over the last 24 hours, it’s climbed 28.42%, with a massive 17.38% boost in just the past eight hours. Right now, it’s trading at $1.0473, and the market is buzzing. But here’s the kicker: the RSI is sitting at 92, which suggests it’s in overbought territory. That could mean a slowdown is coming—or maybe not.
What’s behind this sudden explosion? Well, the crypto market as a whole is riding high, thanks to Bitcoin smashing through $93,000. Major news events like a Federal Reserve rate cut and rumors of Ripple’s CEO meeting Trump are also adding fuel to the fire. And let’s not forget about Elon Musk taking over DOGE leadership—it’s like a domino effect across the market.
Can XRP Hit New Heights or Is It at Its Peak?
Despite the hype, XRP price is still far from its all-time high of $3.84, which it hit seven years ago. Right now, its market cap is $59.54 billion—impressive, but it still has a long way to go. Analysts are already predicting XRP could reach $2 or even try for a new record.
But here’s where it gets interesting. Whales are piling in, and their activity suggests the rally might not be over yet. Current data shows a heavy saturation of short trades above $1, especially near resistance zones like $1.1974, $1.3910, and $1.5941. Despite this, XRP’s bid prices hover at $4.62, while ask prices remain around $2.78—signaling strong demand and bullish sentiment.
One big reason for this optimism is the demand seen in its liquidity data. There’s strong buying pressure, with bid prices way higher than asked. Plus, XRP Ledger’s DeFi activity is finally waking up, with total value locked jumping after months of being stuck at $14.50M.
Still, there are risks. The RSI shows it’s overbought, so some investors might start selling to lock in profits. That could cause a dip before it climbs again. Resistance levels at $1.1974 and $1.39 might also slow things down.
What’s Next?
XRP price jump has everyone watching, but it’s not all smooth sailing from here. If it can cool off and hold its ground, we might see it aim for $2. The big question is whether investors will keep the faith or take their gains and run. With Trump back in power and the crypto market heating up, the next few weeks will be crucial.
