The price of XRP is experiencing a notable upward trend after successfully overcoming the resistance barrier at the $3 mark. This previous resistance level has now transformed into support, with the current price just 15% shy of its all-time high of $3.84. In light of this movement, market expectations are growing that XRP may soon achieve new record highs.
Crypto analyst Tony “The Bull” Severino has issued a timely alert to XRP investors, advising them to prepare for potential selling opportunities. In a recent post on X, he shared a price chart indicating that XRP has surpassed the $3 threshold and is poised for further ascension.
Severino highlighted that XRP has entered a phase of price discovery, which is a positive indicator for the asset. During this period, market participants actively determine the value of an asset through their trading activities. The current market sentiment suggests that XRP is valued higher, as evidenced by its continuous upward trajectory.
Interestingly, Severino had anticipated this potential price move back in May 2025, when XRP reached a pivotal level marked by a monthly RSI drop to 67.18. A similar occurrence prior to the price surge in 2017 serves as a historical reference. Although it took several months for that trend to materialize, the subsequent surge was almost as significant as the initial one.
As XRP appears to be on the verge of its second surge, the analyst believes that a final significant upswing could be imminent. However, he emphasizes the importance for investors to seize profit opportunities during this anticipated final rally.
In conjunction with the rising XRP price, open interest in the asset has also increased, as traders position themselves in the market. This surge in open interest has reached unprecedented levels, surpassing the previous all-time high of $8.33 billion recorded in January 2025, now exceeding $9 billion, according to Coinglass data.
Given historical patterns, this spike in open interest may indicate that the peak for XRP's price could be approaching. Therefore, any further upward movement might represent the last significant surge before bears potentially regain control of the market.
