Amid XRP’s latest comeback, a widely followed analyst has suggested the asset could be headed for an all-time high in the $4 range.

XRP is finally joining the Bitcoin-led bull trend, setting a fresh monthly high as BTC enters unprecedented price territories. Earlier today, XRP reached $0.5740, marking an 11.67% increase from the $0.514 level it traded at yesterday.

Notably, $0.5740 is the highest price XRP has reached in about five weeks. During this period, Bitcoin surpassed its March peak of $73,750 and established a new high at $76,400.

Given that XRP has ultimately capitalized on the market-wide upsurge, “CoinsKid,” a crypto trader with 140K followers on X, pondered whether the ongoing XRP rally could drive the altcoin to an all-time high

XRP Rallying to ATH at $4 Would Be No Surprise

The analyst shared a two-year historical XRP chart on the weekly time frame. The chart identified three major resistance points for XRP, with the most crucial being at the $0.94 level.

Notably, XRP lost its bullish momentum at this level in July 2023, during the frenzy that followed the court verdict declaring it is not a security.

Other key points identified are psychological thresholds at $1.50 and $2.50. In addition to these resistance levels, CoinsKid also pointed to a now robust support at $0.3798 and a potential price discovery level at $4.

Source: Price chat

According to the seasoned trader, it would be no surprise if XRP held firm on the support without needing a retest and broke through the $0.94 resistance, continuing upwards until it set a peak at $4.044.

Notably, for XRP to surpass the $0.94 level, it would need to stage a run that drives its value up by 71% from the current price of $0.55. However, this magnitude of growth has been a major hurdle for XRP in recent times. Meanwhile, for the price discovery phase at $4, XRP would require a much stronger surge of 627%.

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