XRP Price Forecast – Analyst Sets $4 Target After Potential Retrace
XRP’s sharp 25% retracement from recent local highs of $2.90 has investors questioning its next move. Despite the correction, many analysts remain optimistic about XRP’s potential to regain momentum, while others are predicting a deeper pullback before any major rally. The market appears to be divided, with bulls eyeing a potential breakout and skeptics preparing to sell quietly.
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Cryptocurrency analyst Harry joined the discussion and shared a detailed technical analysis of X. He highlighted that once XRP completes a deeper correction, its price could reach $4. Harry’s analysis suggests that while bullish sentiment remains valid, the path forward may require further consolidation or even a short-term decline to reset market conditions.
This difference of opinion highlights the uncertainty surrounding XRP price action. Will a pullback provide a launching pad for the next rally, or will it pave the way for longer-term bearish pressure?
as XRP hovers near key levelsThe coming days will determine whether the bulls or bears gain control. For now, XRP holders and traders must pay close attention to these movements, as the future of the coin depends on breaking the current impasse.
Price action heralds storm ahead of rally
XRP has faced a sharp correction recently, and many analysts believe that further correction or consolidation is likely before the bullish push continues. After reaching highs, the coin pauses and some experts predict a plateau. However, the bullish camp remains hopeful, predicting new highs in the coming months as buyer pressure increases.
Top Analyst Harry Shared his insights about Xnoted that XRP has yet to retest the key $1.96 breakout level. Currently, the price is hovering between $1.96 and the 2017 all-time high of $2.77. According to Harry’s technical analysis, this positioning indicates that bullish momentum is building.
He further said that if XRP’s current flag pattern breaks out to the upside, the coin could rebound strongly to reach new highs.
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This analysis comes after weeks of speculation surrounding XRP’s price trajectory, especially in the wake of Bitcoin’s volatility. BTC fluctuates near the psychological barrier of $100,000, breaking and losing again and again. These situations add an extra layer of uncertainty to the market, leaving traders unsure of what will happen next.
XRP shows hesitation
XRP is trading at $2.40, up 14% from its recent local low of $2.16. Despite the rally, the coin’s price action remains uncertain as market sentiment remains divided. Traders and investors are keeping a close eye on what’s next, with no clear signs that the bullishness continues or that a cycle top is forming.
The key levels to watch are $2.25 and $2.50. If XRP can hold the $2.25 support and reclaim $2.50 levels in the near term, it could mark the beginning of a new bullish rally. This scenario could attract additional buying pressure, pushing XRP closer to a retest of recent highs. However, the market’s current indecision reflects broader uncertainty and any failure to regain these levels could lead to further consolidation or potential downside.
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As Bitcoin and the broader cryptocurrency market experience volatile trends, XRP’s next move will be crucial in determining its trajectory. For now, the coin remains in a delicate position and traders should proceed with caution while keeping an eye on these key price levels. Whether XRP resumes its upward momentum or experiences a further correction will largely depend on market conditions in the coming days.
Featured image from Dall-E, chart from TradingView
