XRP News Today: XRP Hits Seven-Year High at $3.66, Altcoins Follow

XRP has reached a new seven-year high, sparking renewed interest in altcoins such as Ethereum and Dogecoin within a dynamic cryptocurrency market. This surge comes as Bitcoin's recent rally, driven by ETFs, sets the tone for the broader market. Each of these cryptocurrencies—XRP, Dogecoin, and Ethereum—exhibits unique technical patterns that suggest varied trajectories ahead.

XRP's price has broken through its 2018 peak of $3.40, reaching $3.66. This milestone is significant for investors who have long awaited this moment. The weekly chart for XRP shows a robust technical setup, with the Relative Strength Index (RSI) at 70, indicating an overbought condition on daily scales but suggesting sustained momentum on weekly timeframes. This implies that XRP could maintain its upward trajectory over the coming months rather than face an immediate pullback. The Average Directional Index (ADX) reading of 19 may initially suggest a weak trend, but in the context of a breakout from a prolonged sideways range, this low ADX can signal that the true trend has yet to fully develop. The widening gap between the 50-week and 200-week Exponential Moving Averages (EMAs) underscores a bullish accumulation phase, often preceding extended rallies. Fibonacci extension levels project potential resistance around $4.30 and $4.38, serving as psychological milestones rather than absolute barriers. Key weekly support and resistance levels include immediate support at $3.00, strong support at $2.50, immediate resistance at $4.00, and strong resistance near $4.38, providing traders with clear reference points for risk management.

Dogecoin's weekly chart presents a market in consolidation, trading near $0.20 after recovering from 2024 lows. The weekly RSI at 56 reflects a balanced momentum, indicating that the market has absorbed recent gains and is poised for a directional breakout. This neutral stance offers position traders an opportunity to accumulate with a favorable risk-to-reward ratio. The ADX value of 15 confirms a low-trend environment, typical of multi-month accumulation phases that often precede significant price moves. Dogecoin’s price remains above the 50-week EMA, preserving a longer-term uptrend, though the narrowing gap between the 50-week and 200-week EMAs suggests caution as bullish momentum may be tested. Critical weekly levels to watch include immediate support at $0.18, strong support at $0.15, immediate resistance at $0.24, and strong resistance at $0.31, which align with Fibonacci retracement zones and recent price action.

Ethereum’s price action at $3,581 reflects a nuanced battle between bullish momentum and established resistance. The weekly RSI nearing 68 indicates healthy momentum with room to grow before reaching overbought territory, positioning ETH for potential continuation if buyers maintain strength. The ADX crossing above 20 signals the emergence of a trend, albeit a developing one, suggesting that Ethereum may be entering a new phase of directional movement. However, the inability to surpass the $4,000 resistance level repeatedly highlights significant overhead supply that must be absorbed for a sustained breakout. The weekly EMA structure remains constructive, with prices above both the 50 and 200-week averages, though the relatively narrow gap compared to previous bull runs implies that full market commitment is pending. Key weekly support levels are $2,400 and $2,087, while resistance zones at $2,888 and $3,580 represent battlegrounds for control in 2025. Market sentiment on prediction platforms currently assigns a 54% probability to Ethereum reaching new all-time highs this year, reflecting cautious optimism among traders and investors.

The recent surge in XRP price to a seven-year high underscores a renewed bullish phase for altcoins, supported by strong technical indicators on weekly charts. Dogecoin’s consolidation phase suggests a potential buildup for future volatility, while Ethereum’s battle with key resistance levels will be critical in determining its trajectory in 2025. Investors should monitor these technical levels closely and consider the broader macroeconomic context as the crypto market navigates a complex environment. Strategic positioning and patience remain essential for capitalizing on emerging trends in this evolving landscape.