XRP Price Targets New All-Time Highs Above $4 with Profit Strategy
The XRP price is showing bullish potential, with analysts predicting a possible surge above $4. Recent technical analysis indicates a strong upward trend following a months-long downtrend.
XRP Price Outlook
- Analyst Master Ananda reports strong signs of a bullish breakout, aiming for new all-time highs above $4.5.
- A recent price correction bottom was noted on April 7, with a consolidation period lasting nearly one month.
- A confirmation candle on June 8 supports the expectation of an upward price trajectory.
- Fibonacci levels suggest a near-term target of $4.5 after overcoming resistance at $2.71 and $3.019, with potential to reach $6.29.
Trading Strategy
- Traders are advised to hold positions until XRP reaches the $4.5 take-profit zone.
- Partial profit-taking is recommended at this level, while maintaining a position for potential future gains.
- Ananda anticipates that XRP could signal broader growth in lower-cap cryptocurrencies, projecting returns significantly higher than typical market gains.
