Recently, XRP's price performance has been impressive, with the current trading price reaching $2.91, up 6% compared to last week. In the past 24 hours, the XRP price has increased by 3%, and the volume has reached $4.79 billion, indicating strong market interest in this encryption currency.

Industry analyst CW pointed out that the real breakthrough growth of XRP may only begin after it breaks through its historical high. He stated: "The next big surge of XRP will unfold after it breaks through its historical high, and this moment may come soon."

From a long-term chart perspective, the price trend of XRP shows a cyclical pattern consisting of four stages. Currently, XRP appears to have entered the fourth stage, which has often been accompanied by significant price increases in previous cycles. The earlier stages included accumulation, retracement, and long-term consolidation.

According to technical analysis, the first target price for XRP is its historical high of $3.65. Furthermore, based on Fibonacci extension predictions, the second target price could reach as high as $21.50. As the price of XRP gradually approaches these key levels, market attention continues to rise. Analyst Dom observed that during a breakthrough 15-minute window, the net buying pressure for XRP exceeded $10 million, highlighting strong investor interest.

However, some market observers are cautious about this. They have noticed signs of a bearish divergence on the weekly chart, which may indicate that there could be some adjustment pressure in the short term.

Overall, the XRP market is at a critical turning point. Although there may be fluctuations in the short term, the long-term outlook is still viewed positively by many analysts. Investors should closely monitor whether XRP can break through its historical high, as this could become the key trigger for the next major surge. At the same time, be wary of market risks and manage your portfolio wisely.