In a detailed analysis of the XRP price on the TradingView platform, crypto analyst AlanSantana identified a price target of around $4.68, just as XRP has been doing. increase its decline at the $2 mark. This interesting prediction is based on the resistance and support levels on the XRP price chart, which is very reliable in technical analysis.
According to AlanSantanathe moment of decision (point of no return) will indicate the beginning of the bullish trend of XRP, opening its path. climbing to new all-time highs.
Roadmap to $4.68: Market Validation is Key
The price trajectory of XRP over the past seven days has been full of constant decline. According to data available on CoinMarketCap, the price of XRP has fallen by almost 10% in the last seven days alone. This downward trend has persisted in the last 24 hours, with the token experiencing an additional dip of around 1.5%. As it stands, XRP is close to breaking below the key $2 support level, a move that could signal bearish continuation.
According to analyst AlanSantana, this continuous follow-up/correction/reinforcement period can last as long as we like, and there is no way to determine when it will end. Therefore, the strategy of the XRP crypto analyst monitors the behavior of the market to ensure a bullish exit. He emphasizes the need to avoid speculation about exact dates and instead wait for concrete evidence from the market itself.
With this in mind, the XRP daily candlestick chart accompanying his analysis was highlighted by various support and resistance levels, the highest being the $3 price level. The nearest highlighted resistance level is around $2.36, which has acted as a barrier for XRP since December 17. Regarding support, the analyst highlighted support 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 significant response.
When will XRP touch $4.6?
The general feeling is extended bull rally for cryptocurrencies in 2025, one where XRP exists expected to take the lead role. This sentiment was echoed by AlanSantana, who noted that a strong movement is yet to come. The analyst noted that the exact time of this move cannot be predicted yet, but the confirmation will be shown with a very high degree of accuracy.
After confirmation, XRP will start a crazy month-to-month price rally. However, the forecast on the analyst’s XRP price chart points to a price level of $4.68 in mid-February 2025.
This view is in line with the predictions from other crypto analysts. For example, the famous crypto analyst EGRAG CRYPTO recently predicted that XRP will reach the target value of $ 15 on May 5, 2025. Similarly, the famous crypto analyst Ali Martinez he noted that The XRP price chart shows a promising setup with a target of $11 sometime in 2025.
The featured image was created with Dall.E, a chart from Tradingview.com