Ripple Missed New ATH by Just 1%: Can XRP Break Through Today?
2025-01-16
Category: None

TL:DR;
CryptoPotato hasreportedlyrepeated XRP’s impressive price movements over the past few days. The asset had tumbled to $2.33 during the Monday crash but came out of it swinging and soared to $3 in less than 72 hours.
That was just the start, as it spiked to $3.2 earlier today, which became a new seven-year peak. Yet, that was taken down as well in the past hour or so and XRP spiked to $3.39 (on Bitstamp) minutes ago. Thus, it came less than 1% away from going into uncharted territory.
The possible reasons behind this rally are quite a few, including whale accumulation, growing XRP network adoption, hype around the political changes in the US, and more. You can find further detailshere.
Despite the subsequent rejection at the ATH levels and drop to $3.3, Perplexity and ChatGPT said that breaking the $3.4 barrier (according to CoinGecko) seemed quite possible to occur today, even though it looked improbable just days ago.
The asset needs to overcome the first major resistance at $3.3, which is currently being tested. Should that fall, it’s likely to “continue its upward trajectory toward its previous all-time high of $3.4,” Perplexity answered.
ChatGPT outlined the overall shift in market dynamics since yesterday when the US CPI numbers came out and didn’t show such a scary picture as many feared. Consequently, riskier assets like cryptocurrencies could continue their respective runs, and XRP seems to be among the biggest beneficiaries.