XRP Price Could Reach New All-Time High Amid Bullish Flag Formation
Highlights
- Analysts remain optimistic about XRP’s potential for further gains.
- Ripple has formed a bullish flag pattern, indicating a possible upward breakout.
- XRP needs a 40% increase to surpass its all-time high of $3.32.
Can XRP Reach Its All-Time High in December?
XRP prices bounced back on Thursday, riding on Bitcoin’s stability above $100,000. Currently trading at $2.4, XRP would require a 40% increase to hit its previous high of $3.32. Analysts are optimistic, citing historical performance and bullish technical patterns.
Expert Predictions for XRP’s Price
Prominent crypto analysts foresee significant growth for XRP:
- One expert projects XRP to climb to $5 shortly and surge to $18 in the long term.
- Good Mornin Crypto, a popular influencer with 35K followers, predicted a new all-time high for XRP this month, supported by the coin’s proximity to its peak on monthly charts.
- Analyst Amonyx suggested XRP is poised for a parabolic rise, potentially reaching $20.
Ripple’s Bullish Catalysts
Several factors could drive XRP higher:
- RLUSD Stablecoin Launch: Ripple Labs received approval to launch RLUSD, which could bolster XRP’s use in global payments.
- Regulatory Shifts: The incoming Trump administration might resolve Ripple’s legal challenges, providing clarity for crypto companies.
- Potential IPO: Ripple Labs may explore an IPO in 2025, potentially boosting investor interest.
Technical Indicators Signal Breakout
XRP’s technical setup points to a bullish breakout:
- Bullish Flag Pattern: The current chart shows a bullish flag, comprising a vertical pole and a rectangular flag, signaling potential further gains.
- Hammer Candlestick Pattern: This reversal indicator suggests a strong buying signal.
- 50-Day Moving Average: XRP remains above this level, supporting upward momentum.
A breakout will likely occur if XRP surpasses the year-to-date high of $2.90. However, a drop below $1.90 would invalidate the bullish outlook, potentially pulling the price toward the 200-day moving average at $0.87. 
XRP’s performance in the coming weeks will depend on market conditions, regulatory developments, and broader crypto trends, but the current setup suggests it could achieve new highs.
