Ripple’s XRP token surged 4% to over $1.40, reaching a multi-week high and becoming the top gainer among major altcoins. Analysts offered bullish perspectives, with one suggesting a rally toward a new all-time high has begun, while the company announced a new partnership with a major South Korean insurance firm.
The cross-border token XRP gained 4% to surpass $1.40, its highest price since late March. This performance solidified its position as the fourth-largest cryptocurrency by market capitalization.
Analyst CW stated the asset’s upward momentum continues and the “rise will not be broken” as long as it does. In a separate post, CW noted a golden cross on XRP’s RSI, claiming the subsequent rally would “break through the ATH and reach the peak of phase 4,” with a Fibonacci-based target over $16.
Another analyst, CRYPTOWZRD, commented that XRP has finally closed “slightly bullish.” They noted a move above $1.43 would open more upside potential for the token.
The token’s all-time high of $3.65 was set in July 2025, following a gain of over 500% from its level before the October 2024 U.S. presidential elections. It subsequently declined by over 60% before trading sideways between $1.30 and $1.35 in recent weeks.
Behind the asset, Ripple recently partnered with Kyobo Life Insurance to evaluate introducing tokenized Treasury settlement into South Korea’s financial system. Brad Garlinghouse also celebrated 11 years at the company, praising recent cooperation between the U.S. SEC and CFTC.
