XRP Surpasses $3.6

XRP, one of the altcoins that benefited significantly from US President Donald Trump’s victory, made notable advances in its latest rise.

Currently, XRP has surpassed $3.6, reaching a new all-time high (ATH), although it has experienced a 10% drop in the last 24 hours.

This decline has made investors uneasy, but Lukas Enzersdorfer-Konrad, deputy CEO of Bitpanda, believes XRP could still reach new record highs in the future despite the recent decline.

Market Insights

The Bitpanda executive remarked that while it’s challenging to predict XRP’s trajectory precisely, the potential to surpass previous ATHs remains.

> “While it’s difficult to pinpoint exact levels in such a fast-moving market, if conditions remain favorable and capital flows continue from Bitcoin to altcoins, a break above the current record high wouldn’t be surprising.”

However, he emphasized that there is no clear catalyst for XRP to outperform independently, suggesting its prospects are tied to the overall altcoin market performance.

> “XRP’s short-term price trend will depend on whether the current bullish momentum in the altcoin market continues, as XRP tends to be quite sensitive to overall altcoin sentiment and regulatory rhetoric.”

This is not investment advice.