XRP Price Set to Hit New ATH? Here’s What Charts & Historical Patterns Reveal

XRP has seen a unprecedented 551% enhance for the reason that US elections on November 5, 2024. However what’s fascinating is that this enhance seems to be following a well-recognized sample – one which has been unfolding for greater than a decade. May historical past repeat itself?

As we dive into the charts and information, we’ll uncover what this might imply for the way forward for XRP and what we may count on subsequent. Learn on

Repeating XRP chart sample

Have a look at the sample formation on XRP charts from 2013 to 2017 and 2017 to 2025. You’d be shocked to know that they’re precisely the identical. It seems that the chart patterns are repeating.

From August 2013 to December 2013, the value rose sharply to an all-time excessive (ATH) after which started to say no. It continued to fall for nearly a yr earlier than the subsequent rise. This identical sample has repeated itself lately, regardless that it has taken twice as lengthy to develop.

What the RSI actually reveals

The Relative Energy Index (RSI) is commonly seen as a sign of when an asset is overbought or oversold, however that is a restricted approach of taking a look at it. In actuality, the RSI merely signifies the path of momentum, similar to the Common Directional Index (ADX).

XRP’s RSI over time, it’s clear that the token has risen above 80 and even 90 a number of occasions, indicating sturdy momentum throughout these durations, reasonably than the overbought or oversold to “exploit” zones.

XRP is approaching ATH

On the time of writing, XRP is buying and selling at $3.33, only a hair away from breaking the all-time excessive set seven years in the past. Nevertheless, it has but to check the assist ranges. Historic information reveals that this zone has acted as resistance and will now flip into assist, paving the best way for additional progress.

The larger image right here is that XRP has at all times proven upward motion, even throughout market downturns. A fast take a look at the weekly chart reveals a transparent sample of upper lows, with no decrease lows, making XRP a novel and resilient token available on the market.

What to anticipate

Regardless of ongoing authorized points with the SEC, XRP has continued its upward development. Whereas some might argue that it hasn’t but had the rally it deserves, the charts counsel in any other case. XRP has risen constantly no matter market circumstances. The main target shouldn’t be on unrealistic value targets, however on the regular, sustained progress of the token.

With all of the current developments and constant progress of XRP, it’s doubtless {that a} new all-time excessive is simply across the nook. The market reveals no indicators of stopping and XRP’s progress reveals no indicators of stopping.