XRP Surges Past $2.60 Again, Analyst Predicts Potential All-Time High

XRP has surpassed $2.60, achieving a 17% increase over the past week as traders target the $3 mark. This marks its second break above this level within a few days.

Key Insights

Historical patterns suggest potential for further gains; previous calm periods in 2014-2017 and 2018 were followed by significant rallies.
XRP has risen 60% from a low of $1.60, reaching $2.47 at the time of reporting. Projections indicate it could exceed $5.00 if current trends continue.
A $5.90 XRP would result in a market cap of over $345 billion, surpassing Ethereum's $317 billion valuation.
Ethereum has increased by 30% recently, presenting competition for XRP’s market share.
Analysts believe a return to XRP's historical market dominance could push prices above $10.
Legal challenges related to the SEC lawsuit may pose risks to XRP's price stability.
In a bullish scenario, if the global crypto market reaches $35 trillion, XRP could potentially hit $20 per coin.
Traders face a decision to invest now or wait for potential pullbacks.

XRP Chart