**XRP on the Way to ATH: Technical Indicators and Expectations**
XRP price is drawing attention as it reaches levels not seen since 2018. Over the past weeks, the cryptocurrency has surged by an impressive 430%, climbing to $2.60. This remarkable growth is fueled by fundamental developments, such as the anticipated approval of Ripple’s RLUSD stablecoin by the New York Department of Financial Services (NYDFS).
**Technical Indicators and ATH Expectations**
The recent rally began with XRP breaking out of a multi-year symmetrical triangle pattern, signaling strong bullish momentum. Currently priced at $2.45, XRP’s RSI on the 4-hour chart stands at 63, indicating that it is nearing overbought territory. This suggests that profit-taking could occur in the near term.
However, market analysts believe that if momentum persists, XRP could surpass its all-time high (ATH) of $3.84, set in January 2018. With a market capitalization exceeding $150 billion, Ripple appears technically ready to continue its bullish run.
**Conclusion and Outlook**
The impressive rise in Ripple’s price is supported by market sentiment and technical signals. However, profit-taking and market developments should be closely monitored. Key events, such as the RLUSD approval, will play a critical role in determining XRP’s direction.