XRP (XRP) climbed 4% to top $1.40 on Thursday, its highest level since late March, as one analyst said a run toward a new record is underway.
XRP Price Breakout
The cross-border token led gains among large-cap alternatives on Apr. 16, breaking out of a three-week range between $1.30 and $1.35.
The move pushed XRP past BNB (BNB) and cemented its position as the fourth-largest cryptocurrency by market capitalization.
Ripple's token last hit an all-time high of $3.65 in July, capping a run of more than 500% from its level before the October 2024 U.S. presidential election. The rejection that followed cut the price by over 60%.
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Analyst CW Targets
Analyst CW said XRP's upward momentum continues and that "the rise will not be broken" as long as it holds.
CW also flagged a golden cross on XRP's RSI and said the rally that follows will "break through the ATH and reach the peak of phase 4." The analyst's chart points to Fibonacci 6.618, above $16.
Trader CRYPTOWZRD offered a more measured view, calling the daily close "slightly bullish" and flagging $1.43 as the level that would unlock further upside.
XRP has traded between roughly $1.30 and $1.50 for most of April, with the 50-day average near $1.38 acting as resistance.
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