XRP is on track to reach its all-time high following increased volatility and trading volumes. Analysts emphasize the importance of breaking the $3.65 level for further growth.
XRP Moves Toward Key Resistance
XRP is currently trading at $2.91, marking a 6% increase from last week. The 24-hour trading volume stands at $4.79 billion. Analyst CW notes that the next growth phase might start only after the price breaks above the all-time high of $3.65, registered in mid-July.
> 'The real rally for $XRP will be seen after it breaks above its ATH. It will begin soon,' the analyst wrote.
XRP/ETH Shows Early Reversal Signs
The XRP/ETH pair is showing potential signs of a trend shift. On the 4-hour chart, the asset formed a higher low and is now testing the high at 0.0006777. A move above 0.00071 would confirm the change in direction.
Cryptoinsightuk commented:
> 'We are looking now to see if we can get above the 0.00071 level and continue this momentum.'
Macro Events Add Fuel to Risk Assets
Federal Reserve odds now show an 86% chance of a 25-basis-point rate cut at the next policy meeting on September 17. This shift has supported flows into risk assets, including crypto. Ongoing trade tensions between the US and China have added to market volatility, reflecting both chart-driven interest and a broader shift in market positioning.
Given the current technical signals and macroeconomic factors, XRP is positioned for a significant surge; however, challenges remain, and investors should exercise caution.
