XRP Eyes Record High Despite Recent Price Dip

XRP remains positioned for a potential breakout despite a sharp pullback in the last 24 hours, according to market observers. The token saw a 10% decline, falling to $3.21, but analysts suggest its long-term trajectory could still push it beyond its previous all-time high if the broader crypto market momentum continues. Lukas Enzersdorfer-Konrad, deputy CEO at Bitpanda, noted that while predicting exact levels is challenging in fast-moving markets, XRP surpassing its 2018 peak would not be surprising if conditions remain favorable and capital continues to rotate from Bitcoin into altcoins. Altcoin Season Provides Tailwinds for XRP XRP recently touched a year-to-date high of $3.66 but has yet to retest its all-time high of $3.84, set in January 2018. Analysts attribute the potential for further gains to the ongoing strength across the altcoin sector, driven by a shift in investor sentiment and capital flows. CoinMarketCap’s Altcoin Season Index, which gauges the market’s appetite for altcoins relative to Bitcoin, transitioned from “Bitcoin Season” to “Altcoin Season” on Sunday. This shift aligns with a notable drop in Bitcoin’s dominance, which has decreased by over 5% in the past month as traders explore opportunities in alternative cryptocurrencies. Enzersdorfer-Konrad emphasized that the 3rd larget crypto’s movement is heavily tied to broader altcoin sentiment, suggesting that continued liquidity and confidence in the altcoin space will be crucial for sustaining the rally. “XRP tends to be highly sensitive to broader altcoin sentiment and regulatory narratives,” he said, adding that the next phase will depend on whether momentum expands across other altcoins or remains concentrated in select tokens. Analysts See Upside Potential Towards $10 Crypto analyst Dom recently projected that XRP could climb to a range between $7 and $10 if the current market dynamics continue to favor altcoins . However, the outlook for the crypto remains intertwined with the overall performance of the crypto market, with investors watching for signals of sustained altcoin strength. For now, XRP’s path higher will rely on the market’s ability to maintain momentum while navigating the volatility that has long characterized the digital asset sector, as the token eyes reclaim and surpass its historical peak in the coming months. The post XRP Eyes Record High Despite Recent Price Dip appeared first on TheCoinrise.com .