Crypto prices today reflect a market buzzing with momentum after Federal Reserve Chair Jerome Powell’s dovish remarks at the Jackson Hole Economic Symposium.
Ethereum stole the spotlight, smashing through its old record to hit a new all-time high above $4,880 with double-digit gains. Bitcoin followed suit, climbing 4.2% to $117,220, while XRP regained ground at $3.05.
XRP Price today is caught in a tug of war as post-Fed optimism lifts the broader crypto market, but the ongoing SEC lawsuit continues to cloud investor sentiment.
The token has been struggling to hold momentum after dipping below consolidation, with traders watching key zones like $2.77 for support and $3.21 as the next resistance.
However, according to analyst CasiTrades, the market quickly regained momentum as buyers stepped in almost instantly. Despite the dip, bullish divergences held strong, signaling that selling pressure was already losing steam.
When Will XRP Price Hit All-Time-High?
Analyst explained that the dip forced a reset in XRP’s price mapping. Previously, the next resistance target was $3.41, but with the fresh move, the immediate focus has shifted to $3.21.
The analyst noted that momentum is now extremely strong, suggesting XRP could face only a minor reaction at $3.21 before pushing higher. In fact, he expects the level to act more as a temporary pause rather than a ceiling.
A potential test of $3.168, the top of the recent consolidation range, could also occur as part of this move.
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Minor Pullbacks Expected
Zooming out, the analyst pointed out that this latest development aligns perfectly with the broader macro picture for XRP. The overall trend is still pointing toward new highs, and retracements are likely to remain shallow.
Analyst further mapped out possible pullbacks in the 0.118–0.236 Fibonacci range but emphasized that these dips are more like speed bumps rather than major setbacks. Once XRP flips $3.21 into support, the path to higher resistance levels, and eventually new highs, becomes much clearer.
Overall, the analyst summed up the sentiment by stressing that the bullish setup is well-aligned with the broader altcoin market, which has also been firing up. For XRP, reclaiming $3.21 could set the stage for a run at $3.41 and beyond, with the long-term goal still pointing toward new highs.
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FAQs
XRP trades around $3.05 after Fed remarks boosted crypto, with support at $2.77 and resistance at $3.21.
Analysts suggest reclaiming $3.21 could pave the way toward $3.41 and higher in the near term.
Ethereum hit a new all-time high above $4,880, leading the altcoin rally alongside XRP gains.
Yes, altcoins are gaining momentum, aligning with XRP’s bullish setup and the wider altcoin market trend.
