After decisively reversing in the key buying area, XRP's price shows new bullish momentum. Although this cryptocurrency has established itself in the current bullish pattern, a cryptocurrency analyst predicts that this altcoin is currently targeting an all-time high, with technical indicators suggesting it could rise to $4.
XRP's price is expected to break above $4 following a bullish reversal.
Since dropping to the discount range of around $0.85 to $1.00, XRP's price action has been building a bullish structure, currently showing signs of trend continuation that could break through the psychological resistance level of $3 and rise to the $4 mark.
According to the analysis report from the crypto analysis team 'Setupsfx_' on TradingView, XRP has seen a strong reversal from the key buying area — characterized by historical demand, strong low-wick rejections, and institutional order blocks.
It is noteworthy that the analysis team provided a detailed chart highlighting a clear structure that aligns with the Smart Money Concept (SMC), including accumulation, break of structure (BOS), and liquidity chasing prior to the current uptrend. According to the analysis, this altcoin has shown a typical reversal in the buying area, which was previously catalyzed by recent bullish momentum attracting buyer liquidity.
The chart shows multiple strong confirmations, including clear characteristic changes (CHoCH) and higher highs formed after a recent bottom. Additionally, as the price rises, the trend line shows three points of rejection, and the imbalance area (IMB) is also respected, further confirming the bullish outlook for XRP.
XRP is currently trading slightly above $2.4 and has entered a consolidation phase following an initial rebound. Setupsfx_ predicts that the market may enter a second accumulation phase, after which the target is locked at the first major level of $3.00. If bullish momentum and volume persist, a thorough breakout above the $3.00 resistance level could see the price surpass $3.7 in the coming weeks, aiming for the $4 target.
During this time, the TradingView analysis team emphasized that the overall cryptocurrency market may still remain highly volatile. Nevertheless, they maintain a strong bullish stance on XRP's prospects, expecting it to rise 66.6% soon, reaching a new high.
Analysts reveal when to buy
While predicting that XRP's price will rise to $4, Setupsfx_ also provides detailed strategic guidance for traders to seize the anticipated bullish opportunities. His chart analysis highlights the best entry points, suggested stop-loss levels, and clear buying areas.
The TradingView analysis team points out that the entry point should be around $1.6, and the stop-loss point should be slightly above $1.4 to manage downside risk. Notably, the team also identified an ideal buying area between $2.40 and $2.43. According to the chart, if the altcoin maintains its momentum towards the $4 target, this range could serve as a higher entry point.
