XRP has climbed towards new all-time highs, surpassing the $4,500 mark. This strong price movement is attributed to positive developments in decentralized finance (DeFi) and increasing institutional interest. The coin continues to trade within a well-defined ascending channel on the weekly timeframe, consistently respecting both the lower support and upper resistance lines of this structure since mid-2024. Each time XRP has touched the lower boundary of the channel, it has sparked a strong upward move. A recent bounce off this support line formed in early April 2025, contributing to the bullish weekly candle. This pattern aligns with previous rebounds, suggesting continued upward movement toward the upper channel limit over the coming weeks.