XRP Surges Over 45% to New All-Time High of $3.40

XRP has seen a significant increase of over 45% in just six days, breaking its all-time high and reaching approximately $3.40. This surge has attracted investor attention ahead of the upcoming inauguration of President-elect Donald Trump, raising speculation about favorable crypto policies.

Key points include:

XRP has broken out of a bullish flag pattern, indicating potential further gains.
Analyst Ali Martinez predicts XRP could rise to $4 based on current technical indicators.
The cryptocurrency surpassed its previous all-time high from 2018, reigniting market enthusiasm.
XRP is currently trading at $3.20, with critical support at the $3.00 level for maintaining bullish momentum.
Volatility remains high, necessitating careful risk management due to possible aggressive corrections.

Investors are closely monitoring XRP's price action as it navigates this pivotal phase, assessing its ability to sustain gains and push higher in the coming weeks.