HomeXRP Price AnalysisXRP Breakout: Can Ripple Surge Past $4 Soon?

XRP Breakout: Can Ripple Surge Past $4 Soon?

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XRP breakout has energized the crypto market as Ripple reclaims critical technical zones, with strong momentum pushing it closer to the psychological $4 barrier. This upward movement aligns with a broader bullish trend seen in major cryptocurrencies like Bitcoin and Ethereum, indicating wider investor optimism.

Following a lengthy period of tight consolidation, XRP has finally burst through pivotal resistance levels. With trading volume increasing and price action gaining traction, the bullish momentum is unmistakable. Traders, however, should remain cautious of potential profit-taking that could lead to short-term retracements.

XRP/USDT Technical Overview

Against USDT, Ripple has surged beyond the crucial $3.00 resistance— a long-standing ceiling that previously triggered several failed breakout attempts. Now advancing toward the highly-watched $4.00 psychological level, the token shows strong bullish behavior. The current Relative Strength Index (RSI) reads above 80, suggesting intense buying interest but also cautioning of possible overbought conditions in the near term.

From a structural perspective, XRP has escaped a descending wedge that dominated its price action over the last six months. This breakout signifies a significant trend shift, favoring bulls. So long as XRP stays above the $3.00 range, the bullish case remains intact. Any pullback into this zone could present a compelling reentry opportunity. However, if XRP dips below this level again, it may signal the return of consolidation and invalidate the recent move.

XRP/BTC Market Outlook

The XRP/BTC trading pair has also demonstrated strength, breaking past the 2,500 SAT resistance and surpassing the 200-day moving average. This places the pair near 3,000 SAT, a zone historically marked by significant distribution. It’s a critical level where buyers and sellers typically struggle for market dominance.

Currently, the pair is testing the upper edge of this key supply zone. Below its current position, a fair value gap has formed, which could potentially act as a support area, allowing the market to absorb selling pressure and propel the price higher. The RSI on this pair is hovering near 88, which reinforces the overbought signal, indicating the possibility of a brief correction.

Maintaining support above 2,500 SAT is essential for XRP to preserve its bullish structure. If the token breaks through the 3,000 SAT resistance, the upward trajectory is likely to continue. But should the price get rejected at this level, a fallback to retest the 200-day moving average near 2,500 SAT becomes probable.

The market is currently at a decisive point. Momentum and sentiment are aligned in favor of continued gains, but overbought technical signals warrant a careful approach. XRP bulls will want to see sustained support above previous resistance levels to confirm the potential for a lasting rally.

Related: XRP Price: $12M Max Pain for Bears

The post Ripple Price Analysis: Is XRP About to Explode Above $4 This Week? appeared first on CryptoPotato.

Quick Summary

XRP breakout has energized the crypto market as Ripple reclaims critical technical zones, with strong momentum pushing it closer to the psychological $4 barrier. This upward movement aligns with a broader bullish trend seen in major cryptocurrencies like Bitcoin and Ethereum, indicating wider investor optimism.

Source

Information sourced from official Ripple publications, institutional research, regulatory documentation and reputable crypto news outlets.

Author

Ripple Van Winkle is a cryptocurrency analyst and founder of XRP Right Now. He has been active in the crypto space for over 8 years and has generated more than 25 million views across YouTube covering XRP daily.

Editorial Note

Opinions are the author's alone and for informational purposes only. This publication does not provide investment advice.

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