While the cryptocurrency market has been stagnant for months, an intriguing development is unfolding with XRP. Historically, when gold experiences a slowdown after a significant rally, XRP has surged dramatically, achieving a staggering 1,000% increase.
Now, with gold taking a breather and the Ripple versus SEC case nearing its conclusion, many are speculating — could this be XRP’s moment to reclaim the spotlight?
XRP Might Be Poised for a Breakout
In recent months, gold has shown impressive performance, soaring nearly 89% from October 2023 to April 2025. While gold continues to set new records, the cryptocurrency market, including Bitcoin and XRP, has seen more modest gains, lagging behind gold’s remarkable surge.
However, the landscape appears to be shifting. Gold has recently retreated slightly from its peak, experiencing a 6% drop and currently trading around $3,318.
Concurrently, Bitcoin is experiencing a resurgence, climbing to $95,000 this week with an 11% increase, suggesting that the crypto market could be awakening from its slumber. Meanwhile, XRP has been striving to maintain its position above the $2 threshold, although it hasn’t exhibited significant upward movement during this timeframe.
History Might Recur for XRP
Interestingly, this scenario bears a striking resemblance to the events of 2020. At that time, gold enjoyed a robust rally while the crypto market remained subdued. But once gold began to slow, XRP and the broader cryptocurrency market soared.
In 2020, XRP surged from a mere $0.17 to approximately $1.96, marking an over 1,000% increase, even amidst Ripple’s ongoing legal battle with the SEC.
Now that the SEC case against Ripple is also approaching resolution, it could alleviate a significant risk for XRP and provide the necessary space for it to ascend further.
Can XRP Repeat Its Success?
Renowned crypto analyst Cryptarch on TradingView believes XRP may soon experience upward movement. He anticipates a gradual increase in price, first testing crucial levels such as $2.49, $3.00, and $3.39.
He even suggests that XRP could potentially leap to $6.50 shortly, representing nearly a 200% rise from its current position.
In an even more optimistic forecast, crypto advocate Davinci Jeremie posits that XRP could hit $24 this year.
Currently, XRP is trading at approximately $2.20, reflecting a slight uptick over the past 24 hours, with a market capitalization reaching $128 billion.
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