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XRP Showing Strength, Analyst Points To $4 Potential


by Christian Encila
for NewsBTC
XRP Showing Strength, Analyst Points To $4 Potential

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AI Overview

XRP shows signs of potential breakout as it approaches a multi-month trendline resistance at $2.10. Analysts suggest that a clean close above this line could trigger an uptrend, with targets potentially reaching $4, equating to over 100% increase. Current market activity indicates cautious optimism with traders watching for volume confirmation to avoid false breakouts.

Bullish

XRP has begun attracting attention again after months of sideways trading. The coin has risen slightly over the past day, though it remains down for the week. Traders are pointing to familiar chart patterns, suggesting the quiet period may be nearing an end.

Traders Spot A Familiar Price Pattern

A fresh take on XRP came from DonWedge, who posted a half-day chart on TradingView. Though he kept it short – just “XRP looks good” – the message carried weight.

Instead of bold predictions, his analysis leaned on patterns. A downward-sloping channel draws the eye, much like one seen months before.

Shape echoes past rhythm. What stands out is how closely current movement tracks earlier behavior. The image tells part of the story; context fills in the rest. Time will show whether history bends toward repetition.

That old rise in XRP moved fast. Following that climb, it slipped into a steady decline lasting around half a year. Once sellers slowed their pace, the price jumped again without warning.

Fresh lows in XRP’s path hug the bottom stretch of a familiar range, pressure easing – some watchful eyes guess what comes next might climb.

Volume And Resistance Are Key

According to reports, the next major hurdle is a multi-month trendline resistance near $2.10. A clean daily close above this line, combined with rising volume, could signal the start of a new uptrend.

DonWedge projects that if the breakout occurs, XRP could aim for $4. From current levels, this would require a little over a 100% increase. Traders note, however, that moves without volume confirmation can fail, leading to false breakouts and extended consolidation.

Market Expert Projects A Telling Year

Based on reports, analyst ChartNerd says 2026 will be a “telling year” for XRP. He expects the coin either to confirm a strong breakout with fresh momentum or to fall below the structure it has defended for over a year.

Lately, the sideways grind has worn thin for some investors – yet hints of resilience still flicker through the numbers. Breaking past $2.10 with force might spark what comes next, lining up with the pattern DonWedge laid out on his chart. Patience now may quietly pay off later.

A Breakout Might Shift What Happens Next

A sudden jump in price might push XRP toward $4 fast, provided it finishes above the trendline with strong movement. Higher goals are possible, yet reaching them means buyers keep stepping in without pause.

So far, things look cautious rather than certain. Traders will probably keep an eye on activity levels, holding back bigger moves until signs become clearer. What happens next might show if XRP surges again or just drifts sideways some more.

Featured image from Unsplash, chart from TradingView

Read the article at NewsBTC

In This News

Coins

$ 89.49K

+0.64%

$ 1.91

+0.44%

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In This News

Coins

$ 89.49K

+0.64%

$ 1.91

+0.44%

Share:

Read More

What the Triple-Tap At $1.80 Means For The XRP Price

What the Triple-Tap At $1.80 Means For The XRP Price

Crypto analyst Dom has commented on the current XRP price action, revealing what the ...
XRP Price Recovery Is Possible If It Reclaims This Ichimoku Base

XRP Price Recovery Is Possible If It Reclaims This Ichimoku Base

The XRP price may be preparing for a long-overdue recovery, as a crypto analyst has j...

XRP Showing Strength, Analyst Points To $4 Potential


by Christian Encila
for NewsBTC
XRP Showing Strength, Analyst Points To $4 Potential

Share:

AI Overview

XRP shows signs of potential breakout as it approaches a multi-month trendline resistance at $2.10. Analysts suggest that a clean close above this line could trigger an uptrend, with targets potentially reaching $4, equating to over 100% increase. Current market activity indicates cautious optimism with traders watching for volume confirmation to avoid false breakouts.

Bullish

XRP has begun attracting attention again after months of sideways trading. The coin has risen slightly over the past day, though it remains down for the week. Traders are pointing to familiar chart patterns, suggesting the quiet period may be nearing an end.

Traders Spot A Familiar Price Pattern

A fresh take on XRP came from DonWedge, who posted a half-day chart on TradingView. Though he kept it short – just “XRP looks good” – the message carried weight.

Instead of bold predictions, his analysis leaned on patterns. A downward-sloping channel draws the eye, much like one seen months before.

Shape echoes past rhythm. What stands out is how closely current movement tracks earlier behavior. The image tells part of the story; context fills in the rest. Time will show whether history bends toward repetition.

That old rise in XRP moved fast. Following that climb, it slipped into a steady decline lasting around half a year. Once sellers slowed their pace, the price jumped again without warning.

Fresh lows in XRP’s path hug the bottom stretch of a familiar range, pressure easing – some watchful eyes guess what comes next might climb.

Volume And Resistance Are Key

According to reports, the next major hurdle is a multi-month trendline resistance near $2.10. A clean daily close above this line, combined with rising volume, could signal the start of a new uptrend.

DonWedge projects that if the breakout occurs, XRP could aim for $4. From current levels, this would require a little over a 100% increase. Traders note, however, that moves without volume confirmation can fail, leading to false breakouts and extended consolidation.

Market Expert Projects A Telling Year

Based on reports, analyst ChartNerd says 2026 will be a “telling year” for XRP. He expects the coin either to confirm a strong breakout with fresh momentum or to fall below the structure it has defended for over a year.

Lately, the sideways grind has worn thin for some investors – yet hints of resilience still flicker through the numbers. Breaking past $2.10 with force might spark what comes next, lining up with the pattern DonWedge laid out on his chart. Patience now may quietly pay off later.

A Breakout Might Shift What Happens Next

A sudden jump in price might push XRP toward $4 fast, provided it finishes above the trendline with strong movement. Higher goals are possible, yet reaching them means buyers keep stepping in without pause.

So far, things look cautious rather than certain. Traders will probably keep an eye on activity levels, holding back bigger moves until signs become clearer. What happens next might show if XRP surges again or just drifts sideways some more.

Featured image from Unsplash, chart from TradingView

Read the article at NewsBTC

In This News

Coins

$ 89.49K

+0.64%

$ 1.91

+0.44%

Share:

In This News

Coins

$ 89.49K

+0.64%

$ 1.91

+0.44%

Share:

Read More

What the Triple-Tap At $1.80 Means For The XRP Price

What the Triple-Tap At $1.80 Means For The XRP Price

Crypto analyst Dom has commented on the current XRP price action, revealing what the ...
XRP Price Recovery Is Possible If It Reclaims This Ichimoku Base

XRP Price Recovery Is Possible If It Reclaims This Ichimoku Base

The XRP price may be preparing for a long-overdue recovery, as a crypto analyst has j...