XRP may be heading toward uncharted territory as market analysts highlight growing strength in both its technical setup and fundamental outlook.
The altcoin has held firm in recent months, outperforming many of its peers and showing signs of preparing for a breakout.
One analyst known for accurate calls on altcoin trends believes XRP is on the verge of entering price discovery. The chart structure indicates a healthy trend, and even in comparison to Bitcoin, XRP continues to look solid. Despite the strong trajectory, the analyst expects a short consolidation phase before the next major move.
Behind this optimism are several key developments. Ripple’s pursuit of a banking license has added credibility to the project, while the possible approval of stablecoin legislation in the United States could further strengthen XRP’s long-term position in the digital payments landscape.
Elsewhere in the market, attention may be shifting. After several weeks of strong performance among large-cap tokens, some traders are beginning to explore opportunities in mid-cap cryptocurrencies—assets with valuations between $1 billion and $10 billion. These projects, often overlooked during Bitcoin’s dominance phases, could now attract more capital if momentum continues to expand across the altcoin space.
At the time of writing, XRP is trading just under $3, with traders watching closely for a sustained push above this level that could signal the start of a new rally toward record highs.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/market/here-is-why-xrp-could-be-on-the-verge-of-a-new-record-high/