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NewsBTC 2025-01-28 20:00:32

XRP Bulls Shake Off Crash, Target This Major Resistance On The Road To $3.85

XRP Bulls Shake Off Crash, Target This Major Resistance On The Road To $3.85

After facing a significant crash to $3.7, XRP bulls are making a strong comeback, attempting to break above resistance levels and establish a new price target. With this in mind, a crypto analyst forecasts that if the asset surpasses this resistance, it could skyrocket to $3.85, potentially climbing even higher to hit the $6.5 mark. XRP Bulls Push Toward $3.85 ATH Price During the bull run in 2018, the XRP price hit its current All-Time High (ATH), skyrocketing to the $3.84 level. Now, a TradingView crypto analyst, identified as ‘Mindbloome-Trading,’ has shared a recent forecast, suggesting that XRP could surge past its ATH price to $3.85 in 2025. Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue The analyst’s bullish XRP price prediction is based on key resistance and support levels, with the expectation that the cryptocurrency can break above these levels. He shared a detailed video chart analysis, highlighting the altcoin’s price action on a monthly, weekly, daily, and 4-hour basis. The TradingView analyst announced that XRP is in a bull run and showing signs of a strong upward rally. The cryptocurrency had previously broken the $2.6 price, transforming this level into a crucial support area for driving its market momentum. Forming a new resistance level at $2.7, the crypto expert disclosed that the asset must break this threshold to initiate a swift climb to $3.15. In his video analysis, he identified the price points at $3.0, $3.11, and $3.14 as critical resistance levels that, if XRP can surpass, could push it to a new all-time high target of $3.85. While the analyst is confident that XRP can hit his projected price target, he also believes that the cryptocurrency could rally even higher, potentially hitting the $6.55 mark. He explained that this surge would be highly possible, as the subsequent increase in XRP’s market capitalization would be a fair and well-supported progression. The TradingView expert also acknowledged that for the cryptocurrency to reach the forecasted $3.85 ATH, several bullish catalysts would be necessary, including a positive upward trend in Bitcoin. Possible Market Dip Ahead As XRP bulls attempt to trigger a price rally toward $3.85, Mindbloome-Trading has shared an alternative bearish scenario for the cryptocurrency if it fails to break above key resistance levels. According to the TradingView analyst, the current resistance XRP is facing is strong, raising the likelihood that the cryptocurrency may struggle to overcome it, potentially limiting its upward momentum. Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’ He predicts that if the altcoin fails to surpass the resistance level at $3.13 and $3.15, the cryptocurrency could face a sharp correction, potentially dropping to $3.00 or even lower, with $2.85 being the possible target. As of now, the XRP price is trading at $3.1, reflecting an 11.22% increase over the past 24 hours, according to CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

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