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>>Analyst details the bullish outlook for XRP and explains why its price is poised to reach a new all‑time high shortly.

Analyst details the bullish outlook for XRP and explains why its price is poised to reach a new all‑time high shortly.

crypthub

about 10 hours ago

Current Price Action

XRP is trading just above $2 after an early‑January rally that briefly hit $2.40. The pullback has stayed controlled, holding former resistance now acting as short‑term support. Analyst Bird argues that the market conditions match a macro setup that traditionally precedes XRP’s biggest rallies.

Dollar‑XRP Relationship

Bird’s analysis links XRP’s major moves to the US Dollar Index (DXY), which typically moves inversely to the token. Weakness in the dollar during 2017, 2021 and 2024 coincided with sharp XRP gains, as capital rotated from a fading USD into crypto. This pattern suggests that macro‑level dollar shifts, not just XRP‑specific news, drive its largest price surges.

Future Outlook

The DXY currently sits around 99; a further decline would produce red candles and likely support another XRP rally, potentially pushing the token above its $3.65 all‑time high. Conversely, a strengthening DXY could tighten liquidity, keeping XRP near $2 in a consolidation phase. Thus the next DXY move will signal XRP’s near‑term direction.