XRP is trading above $2.35, gaining momentum to break through critical resistance towards a potential all-time high amidst a new bullish phase in the broader crypto market with Bitcoin surpassing $100K.
XRP is showing notable relative strength compared to other altcoins, with analysts focusing on a potential rally supported by XRP whales accumulating over 880 million tokens in the past month, signaling growing confidence in XRP's trajectory.
XRP's resilience and consistent support during market fluctuations have drawn attention, especially as it stands at a critical juncture. The ongoing accumulation by XRP whales and bullish momentum could lead to a powerful continuation to the $2.50–$2.80 range.
The current price action of XRP, trading at $2.36 and breaking above $2.35, suggests strong bullish strength. With increasing volume, a breakout above $2.38–$2.40 could pave the way for retesting previous highs and potentially reaching new all-time highs, positioning XRP as a formidable performer in the market's next upswing.