XRP News Today: XRP Surges 67% in Three Months, Hits New All-Time High

Ripple’s native token, XRP, has seen a significant surge in value, currently trading at $3.43, marking a 67% increase over the past three months and a 529% year-over-year growth. This impressive performance has led to a new all-time high (ATH) of $3.65 on July 18, with market attention now focused on the $3 support zone. This level is seen as a critical juncture that could either propel XRP to new heights or trigger a significant correction.

Crypto analyst Lark Davis has expressed optimism about XRP’s potential, suggesting that if the token can stabilize around the $3 level, it could reach targets of $4.10 or even $4.50. Davis believes that holding the $3 support could lead to new all-time highs, describing this as the "gateway to bonkers territory." He also notes that XRP has the potential for substantial gains, moving quickly and decisively when it starts to run. However, he cautions that failing to hold the $3 level could result in a drop back to $2.60.

Davis is not the only analyst bullish on XRP. EGRAG CRYPTO, a prominent advocate for the cryptocurrency, has pointed out that XRP’s dominance is entering a "Kaboom phase," which could lead to price increases ranging from 21% to 275%. This breakout, if it materializes, could be one of the most significant surges in XRP’s history. EGRAG CRYPTO has also unveiled an XRP Fab chart, which uses Fibonacci retracement levels to project the token’s market capitalization in relation to the broader crypto market. According to this model, if the global crypto valuation reaches $10 trillion and XRP ascends to the 0.888 Fibonacci marker, its market cap could surpass $2 trillion. Even more modest projections suggest a valuation between $800 billion and $1.5 trillion, representing unprecedented territory for the asset.

Chartist Ali Martinez has also highlighted that XRP’s MVRV ratio recently flashed a rare golden cross, a signal that has historically preceded significant surges. If history repeats, the token’s potential upside could reach as high as $25. The last time the MVRV ratio flashed a golden cross, XRP experienced a 630% surge, suggesting that a similar move could be on the horizon.