XRP has maintained a position around the $3 price level for several weeks, leading many analysts to predict an imminent push to $4. The coin recently regained the $3 mark after seven years but struggled to sustain upward momentum beyond $3.38, experiencing a 20% pullback. Despite revisiting the $2 range multiple times, the asset has rebounded, fueling speculation about its next major price movement.
Several analysts have predicted when the token might surpass $4, with predictions ranging from a few days to several months. Some experts point to technical indicators that suggest a breakout is on the horizon, while others urge patience, emphasizing the role of broader market trends.
Crypto analyst Velo Maxi has projected that XRP could surpass $4 within the next seven days. Sharing a price chart with his followers, he pointed to a bullish pennant pattern forming, similar to one that preceded the token’s surge past $3. According to his analysis, the token’s ongoing consolidation phase is expected to resolve in a breakout by February 5.
However, not all analysts expect XRP to reach $4 in such a short timeframe. Crypto Whistler, another market observer, believes that while the token is on track for $4, it may take until April for the price to stabilize at that level.
Meanwhile, Javon Marks, who has also set a target of $4, has not provided a specific timeline. He remains optimistic that the token will continue its upward trajectory towards $4.80.
In addition to analyst predictions, technical indicators suggest that XRP’s current trend is part of a larger bullish cycle. Market strategist Fabio Zuccara has outlined key signals pointing to a potential surge. He noted that the token has consistently set higher highs and lows, breaking important resistance levels against USDT and BTC.
Zuccara also identified an ascending channel on XRP’s daily chart, reinforcing breakout expectations. Based on this analysis, he believes a strong price surge is likely, with the token soon testing and potentially exceeding the $4 threshold.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Analyst Ali Martinez has used Bollinger Bands to analyze the asset’s price action, further supporting these projections. He identified a squeeze on the 12-hour chart, a technical pattern that precedes a major price move.
Martinez explained that if the asset breaks above the upper Bollinger Band, it could trigger a rally toward new highs. Conversely, a move below the lower band could result in a short-term pullback. He has taken a long position on XRP, setting a longer-term price target of $10, and encourages investors to adopt a broader perspective rather than focusing on short-term fluctuations.
Past price action also provides insights into the token’s potential future movement. A previous analysis by market watcher Steph identified a tightening of XRP’s 12-hour Bollinger Bands. In November–December 2024, a similar setup led to a 490% price increase, pushing the token from $0.49 to $2.90.
At the time of Steph’s observation, the token was trading at $2.26, consolidating after a strong upward move. While some expected a repeat of the previous explosive rally, the digital asset climbed to approximately $3.50, marking a 50% gain.
XRP’s recent price movements have reignited discussions about its long-term potential, with analysts offering varying predictions for when it might reach $4. While some anticipate a breakout within days, others suggest a more gradual climb over the coming months.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on Twitter, Facebook, Telegram, and Google News
The post Experts Predict Timeline for XRP to Reach $4 Price appeared first on Times Tabloid.