In a detailed analysis of the price of XRP on the TradingView platform, cryptocurrency analyst AlanSantana set a target price of around $4.68, even as XRP… It expanded its decline About the $2 mark. This interesting prediction is based on the resistance and support levels of the XRP price chart, which are considered more reliable for technical analysis.
According to Alan SantanaThe moment of decision (point of no return) will signal the beginning of an uptrend for XRP, paving the way for it. Climbing to all-time highs.
Roadmap to $4.68: Market confirmation is key
The path of XRP price in the past seven days Full of constant decline. According to data from CoinMarketCap, XRP’s valuation has fallen by approximately 10% in the past seven days alone. This downward trend has continued over the past 24 hours, with the token seeing an additional decline of about 1.5%. Currently, XRP is close to breaking below the critical $2 support level, a move that could indicate further downside momentum.
According to analyst AlanSantana, this ongoing tracking/correction/consolidation period can last as long as you want, and there is no way to determine when it will end. Therefore, the XRP cryptocurrency analyst strategy monitors the market behavior to confirm a bullish breakout. He stresses the need to avoid speculation about specific dates and instead wait for concrete evidence from the market itself.
With this in mind, the daily XRP candlestick chart accompanying our analysis is highlighted by various support and resistance levels, the highest of which is the $3 price level. The closest resistance level highlighted is around $2.36, which has been acting as a drag for XRP since December 17. Regarding support, the analyst highlighted supports at $1,968, $1,608, and $1,325. If XRP continues its decline, these support levels will serve as key points to watch for any noticeable response.
When will XRP reach $4.6?
The general feeling is of Extended bull run for cryptocurrencies In 2025, the year in which XRP exists He is expected to be a major participant. This sentiment was echoed by Alan Santana, who noted that a strong move is still to come. The exact timing of this move cannot be predicted at this stage, but confirmation will be presented with a very high level of accuracy, the analyst noted.
After confirmation, XRP prices will start a crazy rise to the moon. However, forecasts on the analyst’s XRP price chart point to a price level of $4.68 in mid-February 2025.
This outlook aligns well with the forecasts of other cryptocurrency analysts. For example, popular cryptocurrency analyst EGRAG CRYPTO recently predicted that XRP You will reach the target price $15 by May 5, 2025. Likewise, famous cryptocurrency analyst Ali Martinez I noticed that The XRP price chart shows a promising setup with an expected target of $11 sometime in 2025.
Featured image created with Dall.E, chart from Tradingview.com
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