At the time of writing, XRP is trading around $0.60. The bulls have been defending this level since the beginning of September, which shows that the sentiment around XRP is starting to pick up.
However, whether or not XRP will reach its all-time high of $3.84 again, only time will tell. XRP is still heavily correlated with the cryptocurrency market as a whole, and a major price rally in the market is likely to spark some significant bullish activity for XRP.
That said, if the bullish momentum continues and the buyers manage to break the key $0.62 level, then we could see an uptrend of 10-20% over the next few weeks, leading up to the $1 mark.
Overall, the XRP price has been trading in a tight range for the past few weeks. We are likely to see some volatile price action in the short-term as investors react to news and events. In the medium-term, however, investors should continue to look for signs of a sustainable uptrend, which could lead to a rally to $1 or possibly even higher.
