Five months into 2026, the XRP community continues to debate whether the cryptocurrency can reach a new all-time high before the year ends. XRP previously climbed to $3.66 in July 2025 before experiencing a sharp correction. The digital asset also started 2026 with strong momentum, reaching $2.41 during the first week of January. However, the rally quickly faded as XRP entered a prolonged sideways trading phase.
Despite ongoing uncertainty in the crypto market, prediction platforms are now estimating the chances of XRP setting a new record in 2026. According to data from XRP-focused prediction market Axiom Protocol, traders currently see an 18.1% probability of XRP achieving a new all-time high this year.
The cautious outlook reflects mixed sentiment among investors. While some believe XRP still has breakout potential, many traders remain skeptical due to the coin’s recent performance. XRP is currently trading around $1.28, which places it more than 65% below its July 2025 peak. To establish a new record high, XRP would need to rally by over 186%.
Market analytics firm Santiment recently highlighted growing bearish sentiment surrounding XRP. Data shows that the average XRP wallet active over the last 30 days is down approximately 47%, leading many investors to sell at a loss. At the same time, XRP’s 30-day MVRV metric has fallen to its lowest level since December 2020, signaling that the asset may be deeply undervalued.
Interestingly, analysts see a possible silver lining in the negative sentiment. Historically, extreme fear and frustration among XRP traders have often acted as contrarian indicators, frequently appearing before strong price recoveries. Reduced selling pressure could also create favorable conditions for a rebound if broader crypto market sentiment improves later in 2026.
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