XRP News Today: XRP Price Surges 20% to $3.6, Yet Fails to Reach All-Time High

Over the past few weeks, XRP has steadily climbed to become one of the most discussed cryptocurrencies, with its price surpassing $3.6 to reach new seven-year highs. Despite this momentum, the cryptocurrency has yet to achieve a new all-time high, raising concerns among investors. The inability of XRP to reach new peaks, despite recent bullish developments, has led some analysts to question whether investors are being shortchanged.

In a recent post on TradingView, crypto analyst ICharted made a striking claim that XRP investors are being taken advantage of. The analyst highlighted seven significant developments that should have propelled XRP to new heights but have not. The first of these developments is the election of US President Donald Trump, who is known for his pro-crypto stance. Despite the market surge triggered by Trump’s election, XRP has remained well below its all-time highs.

Another key development is the impending conclusion of the Ripple case brought by the Securities and Exchange Commission (SEC) in 2020, which has triggered a market surge. However, this has not been sufficient to push XRP to new peaks. Additionally, Ripple has seen mass adoption as a leading crypto settlement company, and has formed numerous partnerships across various industries, including payments and real estate. Despite these advancements, XRP's price continues to struggle, remaining below its all-time highs.

The analyst also pointed out the significant increase in trading volume over the past year, as well as the approval of an ETF for XRP, which began trading recently. Furthermore, the US Congress has passed multiple favorable crypto bills this year, yet XRP's price remains below its 2018 peaks. Given these developments, the analyst warned that investors may be experiencing a form of market manipulation, with the price action not reflecting the true value of the asset.

The analyst predicted a potential price crash back to the $2 level soon, with a free fall beginning in August. This warning comes as the Federal Reserve is expected to cut rates multiple times, a move that has historically led to a decline in Bitcoin prices. The analyst's concerns highlight the potential risks for XRP investors, as the failure to break through key resistance levels could result in a sharp rejection and a short-term pullback.

Investors are advised to closely monitor the $3.65 price level, as a decisive break above this level could open the door to a rapid move toward $4 and beyond. Conversely, failure to clear resistance could trigger a sudden shift in market sentiment, leading to profit-taking and a potential decline in price. Despite these risks, the overall sentiment surrounding XRP has shifted positively, with the cryptocurrency gaining renewed institutional confidence and shedding its speculative label.

XRP is now seen as a leader in the current crypto cycle, with its technical momentum and real-world utility in payments, settlements, and cross-border finance driving demand. As legal uncertainties in the US continue to clear, XRP is positioned to reclaim its all-time high, depending on how it navigates the next range of price levels. However, the analyst's concerns serve as a reminder that investors should remain vigilant and cautious in the face of potential market manipulation.