Will the Ripple stock price reach an All-Time High with the launch of RLUSD?

XRP has been on an impressive bull run since the U.S. election, with the price nearly hitting $3 (about €2.74) this month.

Currently, XRP is trading at $2.51 (about €2.29), up 4.52% following news of Ripple's launch of the RLUSD stablecoin. Analysts believe XRP has the potential to reach $3.55 (about €3.24) if the SEC ceases its appeal and clears XRP of regulatory issues.

Compared to Bitcoin, which has risen only 46% since the election, the broader crypto market has seen gains of 93%. XRP has shown positive gains, surpassing both Solana and Tether. CNBC recently reported that XRP is one of the biggest winners of the Trump-led crypto rally, with a huge 370% increase since the election.

Analysts are optimistic about the future of the XRP price. Noted crypto trader DonAlt, who accurately predicted XRP's big rally in November, thinks the currency could double if it breaks out of its current trading range. XRP has been fluctuating between $2.20 (about €2.01) and $2.60 (about €2.37) since early December, without successfully breaching $3 (about €2.74). If the currency manages to rise above $2.60 (about €2.37), DonAlt expects another bullish rise, which could drive the price further up.

Technical analysis suggests XRP could rise even higher. EGRAG highlights the technical factors behind a possible breakout of XRP. Historical market cycles and Fibonacci analysis suggest that XRP's market dominance could rise as high as 5.9% or 6%. If this happens, XRP could make spectacular gains.

EGRAG even suggests that if Ripple achieves its goal of a market capitalization of $5 trillion (about €4.57 trillion), XRP could rise to prices between $8.77 (about €8.01) and $17.54 (about €16.03), depending on the market share it acquires. Currently, XRP has a market dominance of 2.09%, a remarkable comeback since it recently topped $1 (about €0.91).

XRP is now just 27.3% away from its all-time high, reached seven years ago. With the advent of RLUSD and an upcoming IPO, there is bullish sentiment surrounding XRP. Investors are hopeful of a favorable outcome to the legal battle between Ripple and the SEC, which has inhibited XRP's growth for a decade.