Today, Ripple‘s cryptocurrency is showing the biggest gains among larger digital currencies, jumping 4% to reach over $1.40 – its highest price in several weeks.
Experts are now more optimistic about the asset, with some predicting a new record high is already underway.
New ATH in the Making?
The cryptocurrency market, particularly XRP, has seen significant shifts since hitting a peak of $3.65 last July. Before the October 2024 US presidential elections, XRP’s value had increased by more than 500%. Unfortunately, it faced strong selling pressure afterward, leading to a sharp decline of over 60%.
XRP has been trading in a narrow range between $1.30 and $1.35 for several weeks. Recently, with the broader market improving, its price has risen above $1.40 – a level it hasn’t seen since late March. This increase has moved XRP into fourth place among all cryptocurrencies, ahead of BNB.
Analyst CW noted that the token, which operates across borders, is still trending upwards, and believes this positive movement will continue. They stated that as long as this momentum persists, the price is unlikely to fall.
CW, a market analyst, recently shared an optimistic update, noting that XRP’s Relative Strength Index (RSI) has just formed a ‘golden cross’ – a signal suggesting a potential price increase. They predict this will lead to a rally that surpasses XRP’s all-time high and reaches a peak of around $16, a level identified using Fibonacci retracement analysis.
A golden cross has occurred on the RSI for $XRP.
A bullish signal has appeared.
The rally that begins will break through the ATH and reach the peak of Phase 4.
Historically, a ratio of 6.618, similar to the Fibonacci sequence, has often appeared, but the exact number can change based on the specific circumstances.
— CW (@CW8900) April 16, 2026
CRYPTOWZRD recently discussed XRP, stating it’s showing a slightly positive trend. He pointed out that if XRP can rise above $1.43, it could see further gains, but it’s currently just below that price point.
Ripple’s Moves
In addition to recent price changes, Ripple, the company behind the popular cryptocurrency, has been very active. Just yesterday, they announced a partnership with Kyobo Life Insurance, a major South Korean insurance company. They plan to explore whether tokenized Treasury settlements can be successfully integrated into South Korea’s financial system, considering both the technology and legal requirements.
Brad Garlinghouse marked his 11th anniversary with the company and welcomed the new collaboration between the US SEC and CFTC, which aims to create a clearer set of rules for the industry.
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2026-04-16 10:05