XRP is gaining popularity, with one renowned expert predicting an all-time high in the $4 region. XRP has joined the cryptocurrency market rally, recently reaching $0.5740, up 11% from yesterday’s price of $0.514.

Bitcoin’s record surge in value has provided broader market momentum, and XRP is taking advantage of this momentum to push its price higher. For many investors, this is an encouraging indicator that the altcoin may eventually regain its upper price levels.

However, market dynamics are not the only factor at play here. Analyst CoinsKid, known for his huge following on the social networking site X, recently published an analysis indicating that the growth of XRP may have more growth potential. Using the two-year weekly chart, CoinsKid found significant resistance and support levels, suggesting it could break to novel highs.

Is #xrp heading to $4? novel all-time record #crypto!

Hold the green line and clear the orange line and a run to the top red line wouldn’t surprise me.

Good luck CKC 🙌 pic.twitter.com/NYBl2igF9g

— CoinsKid (@Coins_Kid) November 6, 2024

Technical points to watch

Coin chart for kids shows three large resistance points for XRP: $0.94, $1.50, and $2.50. These levels are critical because they have historically served as ceilings for XRP. For example, in July, the coin peaked at $0.94 before falling shortly after a court ruling that the asset was not a security. This was a milestone, but excitement faded when the price failed to stay above this level.

The analyst believes that XRP will break through these resistance points without having to retest the lower support level at $0.3798. According to CoinsKid, if the altcoin continues on its current path, it could eventually reach a high of around $4. This could mean a significant profit for investors, especially if the market continues its current bullish tone.

Regulatory hope increases optimism

The legal environment in the US is another thing that makes people feel good about XRP. Recent reports indicate that when the President-elect Donald Trump takes office in January 2025, succeeding Gary Gensler as SEC chairman.

Many people in the cryptocurrency space are very interested in this theory, especially from XRP enthusiasts who believe so Gensler exit will make a good case for a more positive approach towards altcoins and cryptocurrencies.

Trump’s campaign to revamp the SEC has increased this optimism. Many believe that removing Gensler would give XRP a lot of freedom to operate without many legal barriers. Such a change in the regulatory landscape could be one large win for XRP, causing the price to rise.

Future price forecasts look brilliant

Looking ahead, the XRP price forecast also seems very promising. Analysts are predicting 14% growth over the next three months, and its potential growth over the next six months is much higher at 160%. A one-year forecast would mean that a given asset could have a return of over 100%. This makes the $4 target not out of reach considering Bitcoin has broken novel ground and XRP fundamentals are high.

Finally, the combination of technical resilience, market dynamics, and future regulatory reforms could take XRP to previously uncharted territory. For XRP holders, this could be an electrifying journey to what many believe to be a novel all-time high.

Featured image from DALL-E, chart from TradingView