XRP's $3.84 Magnet: Can It Finally Break Through?
XRP is one of the top 10 cryptocurrencies by market value and has been leading the cross-border transaction market. However, it still carries an anomaly from its 2017-2018 bull run: its all-time high is stuck at $3.84, a price that has hovered over the chart for seven years.
Traders talk about this peak endlessly, and chartists draw lines back to it. But can XRP break through this historic barrier, or will the 2018 high remain a permanent ceiling?
The January 2018 spike created a massive gap in long-term technical structure, leaving very little structural price support on the way up and down. As a result, market cycles eventually try to retest this unfinished structure.