XRP Price Chatter Heats Up After Developer’s $4 Hint

Recent discussions in the XRP community have sparked optimism about a potential price increase for XRP. Web developer Harry Harald's return and comments on XRP have fueled speculation of a rise to $4, with current prices around $2.82.

Community Influence

  • Influencers like Alex Cobb amplified Harald’s remarks, suggesting a possible move to $4.
  • This would represent a 42% increase from current levels, breaking a long-standing ceiling since 2018.

Technical Indicators

  • Analysts highlight bullish signals such as a TD Sequential buy indicator on the four-hour chart.
  • XRP has broken a downtrend, holding above key technical levels: 50% Fibonacci retracement and 50-day moving average.

Chart showing XRP recovery signals

Price Action

  • XRP has been stagnant near $3, unable to surpass a swing high of $3.65 from two months ago.

Legal and Regulatory Factors

  • Ripple paid a $125 million fine into escrow after a legal judgment, with ongoing settlement discussions.
  • Speculation surrounds potential SEC approval for an XRP ETF, which could lead to significant capital inflows.