**🚀🚀🚀XRP on Its Way to ATH: Technical Indicators and Expectations**
XRP price has caught attention as it has reached levels not seen since 2018. Over the past few weeks, the cryptocurrency has surged an impressive 430%, climbing to $2.60. This incredible growth has been driven 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 latest rally began with XRP breaking out of a multi-year symmetrical triangle pattern, signaling strong bullish momentum. Currently trading at $2.45, XRP’s RSI on the 4-hour chart is at 63, indicating that it is approaching overbought territory. This suggests that profit-taking could be imminent.
However, market analysts believe that if the momentum continues, XRP could surpass its all-time high (ATH) of $3.84, set in January 2018. With a market capitalization of over $150 billion, Ripple appears technically poised to continue its bullish run.
**Conclusion and Outlook**
The impressive rise in Ripple 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 significant role in determining the direction of XRP. $XRP
