XRP marks its maximum price of 7 weeks

XRP, the cryptocurrency issued by Ripple Labs, re -captures market attention after reaching its maximum price in seven weeks.

In the following graph, where each candle (red or green vertical bar) represents a week of contribution, this rebound can be clear in the price of XRP. However, it should be noted that It is still within a lateralization range.

Currently, the XRP price is $ 2.44, 28% below its historical (ATH) of $ 3.40, reached in January 2025.

The fact that XRP has marked a maximum price in almost two months, adds to the positive signals that the technical analysis throws. As Cryptonoticias has reported, the currency issued by Ripple has been consolidating a bullish flaga figure that awakens the enthusiasm of investors.

The formation of this pattern begins with a marked bullish movement (flag horn). From there, the price enters a consolidation phase with increasingly tight maximum and minimum, forming the triangular flag. This type of structure usually anticipates a continuation of the previous trend, that is, in this case, upwards.

If the technical analysis is successful, and the pattern follows its usual course, The rupture could occur between the end of July and the first days of Augustas observed in the following trainingView graph.

This means that if this bullish impulse continues, the cryptocurrency could leave the lateralization zone in what is to go to look for the 3 dollarsa level that has worked as endurance in previous bullish cycles (2018 and early 2025).

For this to happen, it will be important that the macroeconomic context remains favorable for risk assets, such as cryptocurrencies.

It will also be key that Ripple Labs advances with his plans to become a bank in the United States. If you receive approval, the Stablecoin Ripple Usd (RLUSD) would be regulated at the federal level and the company could operate directly with reservations in the Central Bank.

This would allow RLUSD to issue and redeem at any time, even outside the banking schedule, strengthening confidence in the asset.

As Cryptonoticia explained, the stablecoin that maintains 1: 1 parity with the US dollar operates in the Ethereum and XRP Ledger networks, whose native currency is XRP.

This is important because a greater use of RLUSD could boost the activity in XRP LEDger and, therefore, increase the demand for its cryptocurrency for the payment of commissions. As a result, this will generate an upward impulse in the price of XRP.