Ripple (XRP) Hits $1.42 After Breaking Crucial Resistance Zone: Is the ATH Now Back in Sight?

XRP has emerged as one of the best-performing crypto assets this week after surging by over 35%. In the past 24 hours alone, it rose by almost 20%.

The latest push has revived talks of all-time highs.

Bulls Find Fresh Fuel

The token broke through several major levels before reaching $1.42 on Friday, including the previously identified $1.293-$1.302 range. Despite attempts from sellers to push the price a little lower, XRP held on. According to Diana’s findings, this may represent a “confirmed breakout” which could bring the previous all-time-high zone back into focus.

However, the 4H RSI remains around 83, indicating extremely overbought conditions. A failure to hold $1.30 could cool momentum and make $1.20 the key support to defend.

Meanwhile, analyst Crypto Patel said that a move toward $10 for XRP should not be dismissed, while pointing to the token’s past price action as evidence of its potential for sharp gains. The crypto asset traded around $0.006 in 2017, when a move to $3 was considered impossible, before eventually reaching more than $3 in 2018. XRP was also being described as “dead” in 2023 before surging from $0.50 to $2.60 in November 2024.

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