XRP has stood out in the recent cryptocurrency rebound, bringing tremendous gains and fueling investor optimism. The price surged an astonishing 225% in less than three weeks, with no signs of slowing down as momentum builds. This surge has made it the best-performing altcoin, attracting the attention of analysts and traders.



The renowned analyst CrediBull shared a detailed technical analysis highlighting XRP's strong bullish structure. According to his insights, XRP is currently in a clear 5-wave impulsive pattern, which is typically associated with a sustained upward trend. If it continues to hold key support levels, CrediBull predicts that the price could soar above $2 in the coming weeks, marking a significant milestone for altcoins.

As excitement builds, market participants are closely monitoring its performance. The sustained rebound indicates that XRP may reach new highs and pave the way for a broader altcoin rally. Whether it can maintain its upward trajectory will depend on its ability to hold key support levels and capitalize on the current bullish sentiment. Currently, XRP remains the focus of the market, with eager anticipation for its next moves.

The bullish rebound may continue.

XRP's recent bullish phase may just be the beginning, as analyst optimism continues to grow, with expectations for higher prices in the coming months. However, key price levels must be tested and maintained for XRP to sustain its momentum and enter the next round of increases.

Renowned analyst CrediBull shared his insights on X, revealing that XRP is currently in a clear 5-wave impulsive pattern, a strong indicator of a bullish trend. According to his technical analysis, this pattern confirms that XRP established its absolute bottom earlier this year at $0.49. He also emphasized the importance of the $1.05 level, which is the origin of the fifth sub-wave in this impulsive structure.





CrediBull explained that if XRP falls below $1.05, it could signal the beginning of a larger second-wave correction, which may occur before the next major upward impulse (the third wave). However, if XRP firmly holds above $1.05, it suggests that the fifth sub-wave is expanding, potentially pushing the price above $2 or higher before any significant pullback occurs.



This analysis reinforces the view that XRP's current rebound may just be the beginning of a broader bullish trend. Investors are now closely watching whether XRP can maintain key support levels and confirm its long-term upward trajectory.

XRP hits a multi-year high: Is ATH next?

XRP is trading at $1.45, having touched $1.63 yesterday, marking its highest level since May 2021. This milestone has sparked investor optimism, making it possible for XRP to reach an all-time high in the coming months. The continued upward momentum reflects growing confidence in the price's bullish trajectory.





However, the recent surge has also brought the possibility of consolidation. Prices may need to cool down and gather strength below the $1.63 mark before continuing to rise. The consolidation phase is a natural component of any significant rebound and helps establish stronger support levels for future price movements.



The key level to watch remains at $1.05, identified as a crucial support area. If the price stays above this level, it will strengthen its bullish outlook and lay the groundwork for a potential breakout and continuation of its upward trend in the coming weeks. Analysts believe that maintaining this level will be a strong signal of market confidence, paving the way for XRP to build on its recent gains and aim for new milestones.

$XRP