XRP News Today: XRP Surges 30% in Week, Aims for New All-Time High

Renowned crypto analyst Egrag Crypto has highlighted a critical juncture in the ongoing rally of XRP. In a recent post, he underscored the importance of the current three-day candle, which opened above the significant Fibonacci 0.702 level, indicating strong bullish momentum. Despite a minor wick, which Egrag suggests can be disregarded, he points out a crucial condition: if XRP closes above $3.010 within the next 16 hours, a new all-time high (ATH) could be imminent.

The technical setup suggests that bulls are in control. The Fibonacci 0.702 retracement level, typically seen as a major resistance zone, has now transformed into solid support. This shift is viewed by Egrag and other analysts as a powerful indicator that bulls are gaining full control. XRP has surged nearly 30% over the past week, decisively breaking above its 20, 50, 100, and 200-day moving averages. This rare alignment indicates strong momentum across all major timeframes.

As of now, XRP is trading at $2.95, marking a 4.9% gain over the past 24 hours. The intraday high reached $3.00, and the market remains highly optimistic as traders await the crucial candle close. Egrag stresses that the price must close above the March 2nd high of $3.010 to confirm a breakout. If that happens, he believes XRP could move explosively toward uncharted territory. Other analysts agree, citing Fibonacci extension levels that point to possible short-term targets between $4 and $6, with longer-term projections as high as $13 to $27, depending on momentum and market conditions.

Veteran chartist Peter Brandt has also noted the potential formation of a long-term double-bottom pattern. If confirmed, this could push XRP toward the $4.47 level shortly, with the possibility of further gains. Despite the bullish setup, Egrag cautions that volume remains relatively low. For the breakout to be fully validated, a surge in trading activity is needed. Without it, momentum may stall or even reverse. Egrag also previously warned that if XRP fails to hold the $2.33–$2.45 support zone, the price could dip toward $1.25 before any further upside resumes.

The next 16 hours could mark a turning point in XRP’s trajectory. A successful close above $3.010 would signal the start of what Egrag calls a “new ATH phase,” potentially setting off a wave of bullish momentum. With technical indicators aligning, market sentiment building, and eyes fixed on the chart, XRP holders may be standing at the edge of a historic breakout. If the candle closes above the mark, the crypto market could be about to witness one of XRP’s most significant moves yet.