XRP reverses direction—new All-Time High seems unstoppable, analysts say

XRP has crossed the $2.60 mark once again this week, marking the second time it has surpassed that level in just a few days. The token has risen 17% over the past seven days as traders target the $3 mark. Based on reports from the famous trader CryptoWZRD, a new all-time high may be imminent. But what lies behind these bullish calls and how realistic are they? Historical models indicate higher According to CryptoWZRD, the price increase of XRP is occurring according to a familiar scenario. He emphasizes two long phases of quiet price action—in the period from 2014 to 2017 and once again since 2018—each phase followed by major price surges. After holding at a low of $1.60 during the recent downturn, XRP has now risen 60% from that low to return to $2.47 at the time of this writing. His chart shows that this trajectory could take XRP past the $5.00 mark. If that happens, the token will double from its current level.

Market capitalization could surpass Ethereum. According to the analyst's calculations, an XRP at $5.90 would push its market capitalization above $345 billion. This figure is slightly higher than the current valuation of Ethereum at $317 billion. Flipping ETH seems bold, but it's noteworthy that ETH speculators have returned. Ethereum has increased by 30% in the past week—almost double the increase of XRP. Therefore, even if XRP finds room to run, it may still face fierce competition for overall market share.

A larger community considers Other analysts have compared the current market dominance of about 5% with the 30% level at the beginning of 2018, when XRP reached 3.84 dollars. They believe that a return to that level of dominance could push the price above 10 dollars this year. Bull Case compared to greater risks However, not everyone believes that the numbers tell the whole story. Legal obstacles in the United States still weigh heavily on XRP after the lawsuit with the SEC, and any failure there could cause the price to plummet. Market experts also presented a super optimistic scenario, stating that if the global cryptocurrency market reaches 35 trillion dollars, XRP could achieve a market capitalization of 1.25 trillion dollars - about 20 dollars per coin. That would be a 750% increase from 2.60 dollars. But even seasoned investors know that such leaps rarely occur without a strong pullback along the way. At this stage, traders have a clear choice. They can pursue XRP as it tests new ground, or they can wait for a pullback or pause before jumping in. The recent strength of the token is real, but the path to new highs may be bumpy. Whether it's $5.80 or even $20, the likelihood is that the journey will not be easy.