XRP Price Prediction: If the key support level is maintained, Ripple may rise by 44% to hit $4.8!

Crypto Assets analyst's latest insights indicate that after XRP price holds the key support level, technical indicators continue to issue strong bullish signals, and a significant pump is expected to initiate soon. If the support holds, the short-term target price looks to reach $4.804, with a rise of up to 44%, and it may even challenge the historical high of $7.138. The current price is fluctuating around the key level of $3, and the market is following whether it can break through resistance to start a new round of pump.

【XRP price is poised for a rise, key support becomes the focus for bulls and bears】 The bullish signals on the XRP price chart are continuously strengthening, regaining market attention. After decisively breaking through and stabilizing above a key support level, this Crypto Asset is currently preparing for a potential upward breakout. The latest technical analysis indicates that XRP prices are expected to achieve a rise of over 44%, with a short-term target pointing to $4.804—but this is contingent on maintaining the current support level.

[Support level stabilizes above, 44% rise target is clear] Despite experiencing a pullback over the past few days, the XRP price still shows strong bullish momentum, aiming for new highs. Crypto Assets market expert Javon Marks recently analyzed and predicted on social media X that XRP may be on the verge of a significant price breakout. According to its price chart, XRP is currently trading significantly above $2.47, which has been confirmed as a key support level. Marks' chart shows that this support level was once a resistance level, and has now transformed into the foundation for the next potential pump. The expert's analysis points out that as long as the XRP price continues to stay above the support level, the next pump target is firmly set at $4.804. This represents a 44% potential rise compared to the current price of about $3.12. It is worth noting that the technical patterns presented by the analyst include a steady upward trend of higher lows, which reinforces the likelihood of a larger breakout occurring.

[Potential Target Level Exposed, Historical New High in Sight?] Marks' chart also illustrates the extension target beyond $4.804. If XRP can reach and break through this initial level, analysts predict it could further soar to $7.138, which represents an astonishing 128.7% rise relative to the current price. It is particularly noteworthy that breaking through the $4 threshold would set a historical high for XRP, the third-largest Crypto Asset by market capitalization - and if it can break through $7, it would represent a historic bullish trend, marking a strong continuation of the current bull market cycle.

【XRP price hovers around the $3 mark, breakthrough resistance encounters setbacks】 XRP is currently at a critical turning point, with its price facing significant selling pressure after reaching the 3.66 USD resistance level, plunging nearly 11%, and testing the 3.00 USD support area. According to cryptocurrency expert Gael Gallot's technical analysis, this resistance occurred after it attempted to break through a long-term symmetrical triangle pattern tracing back to February. The daily chart of XRP shows that its price is forming a large ascending triangle pattern. Although it recently encountered resistance along the trend line and pulled back, it may hint at an upcoming upward breakout. Gallot predicts that once the breakout is confirmed and a successful retest above 3.3 USD is completed, it could ignite the next round of bullish momentum, with XRP likely to challenge the 3.66 USD area again and move further upwards.

【Market Dynamics: Whales Accumulating vs Wallet Activity Decline】 Analysts refer to this phase as the "pullback accumulation period", with mixed market signals: on one hand, the number of active XRP wallets has plummeted by 44%; on the other hand, whale addresses continue to accumulate, with a total increase of over 280 million XRP tokens (even though Ripple co-founder Chris Larsen reportedly transferred 50 million XRP). Short-term market sentiment has also shown divergence, with American traders being cautious, while the Asian market demonstrates signs of stable accumulation.

Conclusion: The XRP price is at a critical technical node. Whether it can hold the current support level and successfully break through the upper resistance will be key to determining whether it can initiate the 44% rise predicted by analysts, or even higher. The market is closely following the movements of whales, the evolution of technical patterns, and the overall sentiment in the crypto assets market. These factors will jointly influence the short-term price trend of XRP. The potential for significant upward movement makes it a focal point in the current crypto market, worthy of continuous attention from investors.

XRP-1.6%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)