XRP has been holding strong as the third-largest cryptocurrency by market cap, but is it gearing up for something bigger? According to market analyst Mikybull Crypto, XRP might just be on the verge of a major breakout. The altcoin seems to be building momentum that could send it soaring past its all-time high of $3.40, with potential to hit $7—and maybe even $8—before its next cycle peak.

However, this is a crucial time for anyone holding XRP. As Mikybull points out, this period could be your chance to manage risk wisely, as the coin is currently facing strong resistance.

XRP: Will It Find a Way Out of the Waiting Game?

XRP has had its fair share of stagnation, hovering around the seventh spot for the last few years. But with pro-crypto policies potentially coming into play under Donald Trump’s administration, the altcoin may finally be getting the attention it deserves. XRP’s prospects have been further boosted by the recent discussions about it potentially joining the U.S. Strategic Reserve—a topic gaining traction ever since President Trump’s executive order was announced.

Ripple CEO has even weighed in, pointing out on social media that the ongoing push for a crypto-friendly future could very well lead to the creation of a reserve that includes Bitcoin and XRP. “Unless you’re ignoring the core principles of Trump’s campaign, which heavily supports American tech and companies, our efforts are likely increasing the chances of a crypto strategic reserve,” he said.

In a similar vein, famous crypto lawyer Bill Morgan suggested that if Trump could launch TrumpCoin (TRUMP) without going through the SEC’s lengthy approval process, XRP should be treated with the same level of leniency.

Meanwhile, XRP continues to shine with impressive gains, having surged by over 483% this year, according to CoinGecko. Could this be the calm before the storm? Only time will tell.