XRP, also known as Ripple, has been making waves in the cryptocurrency market with its recent market structure indicating a potential surge to new all-time highs. This altcoin has been gaining momentum and attention from investors, and it’s not hard to see why.

With a market cap of over $30 billion, XRP is currently the fourth largest cryptocurrency in the world. Its technology, which focuses on facilitating fast and low-cost international transactions, has gained widespread adoption from major financial institutions. This has only added to the coin’s credibility and potential for growth.

But what’s really catching the eye of investors is XRP’s market structure. Technical analysis shows that the altcoin is forming a bullish pattern, indicating a potential breakout to new all-time highs. This pattern, known as an ascending triangle, is formed by a series of higher lows and a resistance level that remains constant. This suggests that buyers are becoming more aggressive and are willing to pay higher prices for XRP, which could lead to a significant price increase.

In addition, XRP’s recent price action has been showing signs of strength, with the coin consistently holding above its 50-day moving average. This is a positive sign for investors, as it indicates that the coin has strong support and is likely to continue its upward trend.

But it’s not just technical analysis that is pointing towards a potential surge for XRP. The altcoin has also been making headlines with its partnerships and developments. Just recently, Ripple announced a partnership with MoneyGram, one of the largest money transfer companies in the world. This partnership will allow MoneyGram to utilize XRP for its cross-border payments, further increasing the coin’s utility and demand.

With all these factors in play, it’s no surprise that XRP is gaining attention and momentum in the cryptocurrency market. As the altcoin continues to solidify its position as a leader in the industry, it’s only a matter of time before it reaches new all-time highs. So keep an eye on XRP, because it could be the next big thing in the world of cryptocurrency.