XRP Gets Closer to Previous All-Time High After 26% Weekly Jump

With a notable 26% increase during the past week, XRP moves closer to retaking its former peak at $3.84. Just two weeks ago, such a rally looked unlikely due to overall market uncertainty. The recent advances suggest a revival powered by investor enthusiasm and strong technical cues.

What’s Driving XRP’s Momentum?

An important development pushing XRP’s price higher is the significant growth in new investor addresses. From roughly 3,600 at the start of the month, daily active addresses have surged to 8,100, a 124% rise. This increase indicates stronger market confidence, as new money flows in, driving demand for XRP amid a backdrop of uncertainty in other cryptocurrencies.

The involvement of new holders is important for sustaining price momentum because they usually indicate renewed trust and a longer investment horizon. While veteran traders might quickly adjust to market swings, a continual increase in new addresses often results in more solid price backing. This expanding investor base has allowed XRP to better withstand general market declines, reflecting durability in a still volatile setting.

This rise in activity also suggests growing adoption or fresh enthusiasm sparked by recent strategic moves or positive feelings about Ripple and its network. When the story around a cryptocurrency gets better, it often triggers strong buying momentum that goes beyond usual speculation, which seems to be happening with XRP right now.

Technical Indicators Signal Continued Strength

Examining technical indicators gives more clarity on XRP’s recent surge. With the Relative Strength Index surpassing 70, the asset is considered overbought. Typically, this means the price may be extended, and a correction might be expected. That said, previous patterns demonstrate that overbought conditions can last longer during robust rallies, particularly if fresh demand keeps pushing prices higher.

For example, back in November 2024, XRP experienced an extraordinary 387% rally before facing a notable reversal. A repeat of such a big surge doesn’t seem probable right away, but the combination of a robust RSI and more participating addresses implies the rally could persist. This balance between technical signals and fresh buying interest supports sustained upward movement, at least temporarily.

That said, caution is warranted. The current technical strength implies that traders should watch for signs of weakening volume or profit-taking, which could trigger corrections. The market’s ability to absorb selling pressure will be critical in determining whether XRP maintains this trajectory or retreats to more conservative levels.

Resistance Levels and Potential Risks Ahead

At present, XRP is trading near the psychologically significant $3.00 resistance level. It also stands roughly 23% shy of its ATH at $3.84, making this resistance a crucial gatekeeper for further gains. Should XRP break and hold above $3.00, it could pave the way toward $3.40 or even challenge previous highs.

Overcoming this barrier is not assured. Investors who gained significant returns earlier may decide to sell, slowing the rise or causing a decline. If a sell-off takes place, XRP might move down toward $2.65, potentially affecting the current optimistic view.

How things turn out will probably depend on the market’s general mood and larger economic factors shaping cryptocurrencies. If good news or big investor interest appears, buying might pick up, but sudden problems or regulatory fears could make sellers more hesitant.

What To Expect from XRP?

XRP’s recent rise comes from a mix of growing investor enthusiasm and positive technical indicators. This combination puts it close to reaching its record high. The increase in new wallet addresses shows solid demand, and the RSI points to strong momentum that still needs to be watched carefully.

Nonetheless, the $3.00 resistance level is a critical test that will shape XRP’s near-term path, and profit-taking or broader market shifts could introduce volatility. Tracking both blockchain data and price movement will help determine if it can continue its upward trend and break previous records.