Analyst Predicts XRP Price Could Rally to $4 With Support Needed
Crypto analyst CoinsKid forecasts that the XRP price could rise to $4, indicating a potential new all-time high (ATH). However, he cautions that XRP must maintain critical support levels to avoid a decline to $1.64.
XRP Price Predictions
- CoinsKid predicts XRP could rebound to $4 if it surpasses its January 2025 high of around $3.4.
- A bull run in the crypto market may push XRP beyond this $4 target.
- Failure to hold the 20 Weighted Moving Average could lead to a drop to $1.64.
- XRP is currently in a wave 4 irregular expanded flat ABC correction since December 2024.
- The Relative Strength Index (RSI) indicated a potential price correction in December.
- Liquidity is re-entering the market after a previous exit in December.
Additional Insights
- Another analyst, Dark Defender, predicts XRP could reach as high as $5.85, facing resistance at $3.39.
- Support levels identified are $2.30 and $2.22.
- Dark Defender believes the primary correction phase is complete, paving the way for a bullish reversal.
- XRP is trading at approximately $2.28, with a positive change in the last 24 hours.
