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Bitcoinist 2024-12-31 18:30:09

Crypto Analyst Predicts XRP Price Will Touch $4.6, Here’s The Roadmap

Crypto Analyst Predicts XRP Price Will Touch $4.6, Here’s The Roadmap

In a detailed XRP price analysis on the TradingView platform, crypto analyst AlanSantana has identified a price target of around $4.68, even as XRP has extended its decline towards the $2 mark. This interesting prediction is based on resistance and support levels in the XRP price chart, which are more reliable for technical analysis. According to AlanSantana , the moment of decision (the point of no return) will signal the onset of a bullish trend for XRP, paving the way for its ascent to new all-time highs . The Roadmap to $4.68: Market Confirmation Is Key The XRP price trajectory in the past seven days has been filled with a consistent decline. According to data sourced from CoinMarketCap, XRP’s valuation has dropped approximately 10% in the last seven days alone. This downward trend has persisted into the past 24 hours, with the token experiencing an additional dip of around 1.5%. As it stands, XRP is close to breaking below the critical $2 support level, a move that could signal further bearish momentum. According to analyst AlanSantana, this ongoing retrace/correction/consolidation period can last for as long as it wants, and there is no way to determine when it will be over. Therefore, the crypto analyst’s strategy for XRP is monitoring market behavior for confirmation of a bullish breakout. He stresses the need to avoid speculation about exact dates and instead wait for tangible evidence from the market itself. With this in mind, the XRP daily candlestick timeframe chart that accompanied his analysis was highlighted by different support and resistance levels, with the highest being the $3 price level. The closest resistance level highlighted is around $2.36, which has served as a hindrance for XRP since December 17. In terms of support, the analyst highlighted supports at $1.968, $1.608, and $1.325. If XRP were to continue its decline, these support levels would serve as key points to watch for any notable response. When Will XRP Touch $4.6? The general sentiment is of an extended bull rally for cryptocurrencies in 2025, one in which XRP is expected to be a prime participant. This sentiment is echoed by AlanSantana, who noted that a strong move is still coming in. The analyst noted that the exact timing for this move cannot be predicted at this point, but the confirmation will be shown with a very high level of accuracy. After the confirmation, XRP will embark on a crazy price rally to the moon. Nonetheless, projections on the analyst’s XRP price chart point to the $4.68 price level in the middle of February 2025. This outlook relays well with projections from other crypto analysts. For instance, popular crypto analyst EGRAG CRYPTO recently predicted that XRP will reach a price target of $15 by May 5, 2025. Similarly, popular crypto analyst Ali Martinez noted that the XRP price chart is showing a promising setup with a projected target of $11 sometime in 2025.

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