A macro investor has predicted that XRP, the cryptocurrency associated with Ripple, is on the verge of reaching a new all-time high. XRP has been trading steadily at around $1 for the past six days and has seen a 103% increase in value over the past two weeks. Despite this positive momentum, XRP is still trading at a 71% discount from its peak value. The investor, known as "Pharaoh," claims that the window to buy XRP at around $1 is closing and expects a new bull run to emerge in the coming weeks. Some community members believe that XRP could surpass its all-time high in a matter of days. XRP needs to increase by 246% to reach its peak value, but faces significant resistance at its 2021 high of $1.96. Long-term holders of XRP have been accumulating the cryptocurrency, injecting $526 million in fresh capital into the market last week. This accumulation could cause a supply shock and drive the price even higher.



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