Prepare For ATHs: ‘XRP Train Has Left The Station – Analyst

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto analyst Captain Faibik has provided a bullish outlook for the XRP price, predicting that a new all-time high (ATH)is imminent. This came as the analyst noted that the altcoin is already on the move, having recorded a 20% gain since its breakout.  XRP Train Already On The Move To ATHs

In an X post, Captain Faibik stated that the XRP train has already departed, with a rally to all-time highs on the horizon. The analyst noted that the altcoin has already surged over 20% since its breakout above $2.3. He had earlier predictedthat the token was on the verge of a breakout, which would send it above its current ATH of $3.84.  Related Reading Prepare For ATHs: ‘XRP Train Has Left The Station – Analyst 16 minutes ago

Captain Faibik remarked that this bullish rally will send XRP to as high as $4.60. Crypto analyst Egrag Cryptoalso indicated that a new ATH is in sight for the altcoin. In an X post, He stated that XRP needs to close the $3-day candle above the top wick of the March 2nd candle. The analyst told market participants to get ready for a new ATH if it closes above the $3.010 level.  Source: Captain Faibik on X

Meanwhile, crypto analyst Titan of Crypto also echoedCaptain Faibik’s sentiments, stating that XRP has just recorded a powerful breakout. He noted that the altcoin has confirmed a clean breakout from the multi-month descending triangleand revealed that the target is $3.80. This brings XRP to its ATH, which could pave the way for new highs. 

XRP boasts a bullish outlook, given its breakout from the crucial $2.30 support level that Captain Faibik and Titan of Crypto highlighted. The altcoin is now looking to reclaim the psychological $3 level, which would bring it close to its yearly high of $3.29.  Momentum Is Off The Charts

In an X post, crypto analyst CasiTrades declared that XRP’s momentum is off the charts. She noted that Relative Strength Index (RSI)divergences are being “obliterated” as bulls remain in full control. Based on this, the analyst predicts that the altcoin is likely entering the most powerful part of the wave, completing Wave 3 of 3.   Related Reading Pundit Reveals The Two Things That Will Drive XRP Price To All-Time Highs 3 days ago

Further commenting on the XRP price action, CasiTrades noted that the altcoin has already backtested the $2.70 level. With this, it is now targeting a rally to $3.04, which is the next major Fibonacci resistance level. Her accompanying chart showed that a clean break above this Fib level could send XRP to $3.4, which is the next major resistance after $3.04. A rally to this level would put its ATH well in sight. 

At the time of writing, the XRP price is trading at around $2.93, up over 4% in the last 24 hours, according to datafrom CoinMarketCap. XRP trading at $2.9 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com