XRP remains a prominent competitor in the current market cyclewith the potential to reach a new all-time high at the end of the bull run. Looking at the current price action, the altcoin has shown resilience in the face of bearish market conditions, sparking speculation of an impending rally.

A major surge to a new high is imminent for XRP

After a recent breakout, XRP appears to be preparing for a historic bull run predicted by Javon Marks, a market expert and trader. His analysis highlights the altcoin’s ability to break through key resistance levels, setting the stage for a possible rise to a new all-time high.

This breakout coincides with general market optimism, raising speculations about the token’s next significant move on its path to regaining its all-time highs. As trading volumes increase and investor confidence returns, the altcoin’s bullish trend is attracting a lot of attention.

The expert stated that XRP is maintaining its breakout from a bullish pattern and is currently in a retesting phase. After retesting the top line, Javon Marks expects a significant run on it new all-time highs.

It is worth noting that the expert believes that XRP will rise to the $10 threshold, indicating the largest bull market. Regardless of whether the asset reaches $10 or not, many enthusiasts believe that it will surpass the current all-time high in the ongoing bull cycle, reflecting investors’ belief in its price prospects.

Crypto portfolio manager and enthusiast Natalie Dormer has predicted A short-term resurgence of XRP towards the $2.80 level and beyond, citing bullish indicators. After examining the token’s recent price action, Natalie Dormer highlighted that a bullish classic Pennant formation is emerging within the 4-hour time frame, showing robust bullish momentum.

In the last few days XRP has made notable moves, finding support near the 50 Exponential Moving Average (EMA) and recovering from it. With bullish strength emerging, the expert believes that this development has put the asset on track towards a target of $2.60 in the near term.

While the Altcoin If the price consolidates within the classic pennant pattern, Dormer expects the price to rise to $2.80 and higher once a breakout above the upper trendline occurs. According to the analyst, this bullish continuation pattern offers further upside potential for XRP in the coming days.

Price development is shifting towards a positive assessment

After the crash $2.3 On Monday, XRP rose back to the $2.5 threshold with the possibility of further gains. In the last 24 hours, the altcoin is up almost 5%, showing renewed bullish momentum.

Growing investor confidence and activity They are believed to have played a crucial role in the recent rise to key resistance levels. Data from CoinMarketCap shows strong sentiment among investors, as shown by a more than 44% increase in trading volume over the past day.

Featured image from YouTube, chart from Tradingview.com