If XRP breaks through the 2021 high, the XRP price could surge significantly.
XRP may initially reach $1.45 in the coming days, followed by $1.95.
XRP's RSI indicates that a price correction may occur as it is in the overbought zone.
With the recent price surge, XRP has broken through the 2023 high and is currently moving towards the historical high of 2021.
XRP price prediction
If altcoins break through the 2021 high, XRP price could surge significantly. Since the election of Donald Trump, who supports cryptocurrencies, as President of the United States, this asset has risen over 125%.
Factors influencing XRP's potential rise
Many traders and investors may be curious why the XRP price would surge if it breaks through the 2021 high.
Potential reasons for this positive outlook include bullish price action patterns, increased interest from traders and investors, significant accumulation by whales and institutions, current bullish market sentiment, speculation that SEC Chairman Gary Gensler may resign, and speculation regarding the U.S. XRP exchange-traded fund (ETF).
XRP technical analysis and upcoming levels
XRP recently broke through the strong resistance level of $0.95 and has been consolidating in a narrow range for the past 48 hours.
Based on recent price trends, if altcoins break the upper limit of the consolidation zone and close above $1.2 on the daily chart, they are likely to surge 18% to $1.45. However, if the price remains above $1.50, XRP holders may soon see it reach $1.95 in the coming days.
As of now, XRP's trading price on the daily timeframe is above the 200 Exponential Moving Average (EMA), indicating an upward trend. Meanwhile, its Relative Strength Index (RSI) suggests that a price correction or decline may occur in the coming days as XRP's RSI is in the overbought zone.
Current price momentum
As of the time of writing, XRP is trading close to $1.14, with a price increase of over 6.25% in the past 24 hours. During the same period, its trading volume decreased by 34%, indicating a decline in trader participation compared to previous days.
