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- XRP’s recent price discovery against the Korean Won signals potential for further growth, with minimal resistance ahead.
- Despite market volatility, XRP has shown resilience, increasing 8.73% this month and 12.16% year-to-date.
XRP has broken into untested territory against the Korean Won (KRW), raising questions about whether a rally is on the horizon. As the crypto market experiences ongoing volatility, XRP’s ability to endure the changes has drawn attention.
This break into price discovery, as noted by ETHNews, marked by a rise in value, suggests that XRP could enter a phase of future growth. Despite challenges other cryptocurrencies face, XRP has proven resilient, and its recent price movements indicate that a bigger uptrend might be underway.
XRP’s performance in recent months has set it apart from many other altcoins during the recent market slump. While the broader crypto market has struggled, XRP remains relatively strong. It has increased by 8.73% this month and has gained 12.16% year-to-date.
These gains contrast with Ethereum’s (ETH) performance, which recorded a decline of 15.21% in February and a 43% decrease over the past year. Despite the downturn affecting other digital assets, XRP’s performance underscores its resilience in adversity.
Breakout Against the Korean Won
In January 2025, XRP reached a new all-time high against the Korean Won, setting the stage for what could be a breakout. The cryptocurrency peaked at 4,987 KRW, surpassing its previous high of 4,750 KRW in January 2018.
This stage implies that XRP has entered a price discovery phase, as it no longer faces resistance from prior highs. A closer look at XRP’s chart reveals a breakout from a large symmetrical triangle formed over several years, with the upper trendline starting in January 2018 and the lower trendline beginning in March 2020.
The breakout occurred amid a larger market surge that started in November 2024. XRP’s rally was large, increasing by over 280% during that month alone. A minor pullback followed, but XRP quickly recovered, leading to its new all-time high of 4,987 KRW. This price movement shows that XRP may be poised for further gains if it can hold above its recent highs.
Implications of Price Discovery
When an asset enters a price discovery phase, it faces minimal resistance as it pushes to new price levels. This could imply that XRP is on the verge of a “free run,” where its price could rise further without facing obstacles from past highs.
John Bollinger, the founder of Bollinger Bands, has noted XRP’s resilience during the market’s downturn, solidifying the notion that XRP could play a major role in any recovery for the crypto market.
Market analyst Zach Rector shared similar insights last October, suggesting that XRP’s suppression was over and that it was “free to run.” Following this sentiment, XRP saw a massive surge in November 2024, rising by over 280%.
Of all the major crypto vehicles Ripple resisted the recent singing of the Siren’s song best. Will it become the new leader? $XRPUSD
— John Bollinger (@bbands) March 14, 2025
As XRP continues to trade around 3,421 KRW ($2.33), analysts are focusing closely on its possible growth. The asset’s ability to break into price discovery against the Korean Won has sparked discussions about its future trajectory.
Analysts such as Rector have set targets for XRP, with some speculating that it could reach as high as $33 or even $35, driven by factors like ETF inflows.
