XRP continues to strengthen amid a broader crypto market upswing. Since the start of the year, the token has risen by 55.4%, with a 32.5% gain over the past week. However, despite the positive trend, XRP has not yet surpassed the $4 mark or reclaimed its $3.84 all-time high set in 2018.
According to analysts, the latest upswing, which began on January 13, was fueled by two main factors: optimistic data showing reduced U.S. inflation for December, along with the U.S. Securities and Exchange Commission’s (SEC) appeal in its case against Ripple Labs, seen by many as a weak argument.
Major investors also played a critical role in XRP’s recent rally. Crypto researcher Ali (Ali Charts) notes that addresses holding more than 1 million XRP purchased 100 million tokens in the last 48 hours. He believes this influx of capital from large players indicates rising confidence in XRP.
Ali further highlighted that XRP has broken out of a “bull flag,” pointing to the possibility of reaching $4 in the near term — over 20% higher than the token’s current price.
Longer-term forecasts are even more optimistic. Ali points to a symmetrical triangle pattern on XRP’s monthly chart, potentially signaling a run to $15 — a 350% increase from today’s levels.
