XRP Analyst Predicts Price Surge Towards $4.50 After Key Resistance
Crypto analyst CryptoInsightUK indicates that XRP has reached a “liquidity flashpoint,” potentially driving prices toward the mid-$4 range upon reclaiming key resistance. Key points include:
- A cluster of liquidity exists above $3.40.
- XRP has shown improvement in relative strength compared to Bitcoin, Ethereum, and gold.
- The upcoming US CPI report may cause short-term volatility.
- XRP is currently positioned as a top altcoin setup.
- Recent price action shows an 11% increase from the local bottom, with a potential additional 10% move through resistance.
- Target zones for XRP are between $4.20 and $4.50 based on liquidity buildup.
The analyst emphasizes that while upward movement is possible, there is a risk of liquidity being swept from below if market conditions shift. For XRP to maintain momentum:
- It must reclaim and hold above ~$3.40.
- Failure to do so could lead to further declines before any upward advance.
As of now, XRP trades at $2.96.
