Ripple's XRP is showing signs of a potential breakout, with analysts predicting a new all-time high in the coming weeks. Currently trading at $2.20, XRP has seen a 6.5% increase in the past 24 hours. Analysts point to strong RSI and Fibonacci retracement levels as indicators of a bullish trend, with a 42% rise needed to surpass its previous ATH of $3.84.
The altcoin has reached the 0.5 retrace level, setting $2.30 as the next target. RippleNet's expansion, including partnerships with over 300 banks and the introduction of the RLUSD stablecoin, is bolstering institutional adoption, further supporting the positive outlook for XRP.
XRP Eyes New All-Time High Amid Bullish Indicators
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