XRP Rallies: Bullish Forecasts Predict New All-Time Highs

XRP, Ripple's native cryptocurrency, has shown signs of recovery following a recent market-wide downturn. The digital asset is currently trading at $2.29, up approximately 1% over the last 24 hours, while its trading volume has surged by 41% to $11.72 billion.

Despite a recent price dip that saw XRP lose nearly 22% of its value over the past month, market experts remain optimistic about its future trajectory. A notable analyst known as CasiTrades, who correctly predicted XRP's recent price crash, has shared a bullish forecast suggesting the cryptocurrency could rally to between $8 and $13 once it reaches a new all-time high.

The current Relative Strength Index (RSI) for XRP stands at 37, indicating that selling pressure remains high. Additionally, XRP Futures Open Interest has decreased by about 2.25%, highlighting cautious investor sentiment in the short term.

CasiTrades specifically stated that XRP could witness a strong rally after surpassing its previous all-time high of $3.84, which was recorded in 2018. This forecast has generated excitement among XRP holders and traders looking for positive price movement after the recent market correction.

Another prediction from CoinCodex suggests XRP could reach $4.20 by April 15, 2025, representing a potential gain of 82.61% from current levels. If realized, this would establish a new all-time high for the cryptocurrency, potentially setting the stage for the more ambitious $8-$13 target mentioned by CasiTrades.

Market sentiment for XRP has also been boosted by recent regulatory developments. The U.S. Securities and Exchange Commission (SEC) has started dropping lawsuits against crypto companies, with the Uniswap case being the latest to be dismissed. This has led to speculation about a potential resolution in the ongoing Ripple vs. SEC legal battle, which has hung over XRP for years.

Adding to the positive outlook, there are growing rumors about the potential approval of an XRP ETF in the United States this week. The approval of spot Bitcoin and Ethereum ETFs earlier this year sparked major rallies for those cryptocurrencies, and XRP enthusiasts hope for a similar effect