XRP Breaks Resistance, Eyes $5-$10 All-Time High

XRP has broken through seven months of resistance, making a significant bullish move according to recent data. The asset's price is currently trading at $1.48, down by 0.18% in the last 24 hours and up by almost 50% in the last week.

This surge has experts believing that XRP may target its all-time high of between $5 and $10 this cycle. However, some caution is advised as a pullback toward the $1 price target could offer another strong accumulation opportunity for investors who bought early.

The analyst notes that while XRP rallied back to test the macro .618 resistance last week, it was met with heavy resistance and instant rejection. Now, XRP needs to prove it can sustain this rally by breaking above the macro .618 level and coming back to successfully test it as support.