XRP has shown remarkable bullish strength recently, driving past its previous all-time high and capturing attention with its aggressive upward momentum. As the market digests these gains, all eyes are now on whether a brief correction will take place before XRP pushes toward the critical $4 level.
XRP has shown remarkable bullish strength recently, driving past its previous all-time high and capturing attention with its aggressive upward momentum. As the market digests these gains, all eyes are now on whether a brief correction will take place before XRP pushes toward the critical $4 level.
XRP Technical Breakdown
Daily Chart Momentum
Over the past few trading sessions, XRP has defied expectations, surging above its January 2018 high of $3.40 and registering a new record peak at approximately $3.66. This decisive move has dramatically shifted the sentiment among traders, indicating that bullish forces are in full control. The sustained breakout through key resistance zones hints at strong institutional buying, reinforcing the trend’s upside potential.
Despite the ongoing bullish structure, markets naturally tend to cool off after rapid gains. In XRP’s case, the $3.00 mark represents a substantial support area that may come into play during a potential short-term pullback. Holding above this support level will be crucial in maintaining the bullish trend and setting the groundwork for a future push through the psychological $4 ceiling.
Short-Term Trends and Consolidation
Zooming into the 4-hour timeframe reveals the mechanics behind XRP’s recent move. The climb toward $3.66 was characterized by a burst of bullish energy, shown clearly by several strong green candles. The token gained nearly 30% in a single upward momentum wave before encountering resistance at its new all-time high, prompting a slight rejection and beginning of a sideways consolidation pattern.
This consolidation suggests XRP is undergoing a typical technical correction. The area around $3.00—aligned with the 0.5 to 0.618 Fibonacci retracement levels—emerges as a pivotal zone. Bulls will need to assert dominance here to reignite the rally, with a critical watch on trading volume for signs of renewed buying pressure.
If XRP trades confidently above this retracement zone, the likelihood of a rebound toward the $3.66 level—and eventually further upside—grows significantly. Yet in the absence of clear signals, the expectation remains for a continued but temporary corrective phase before the next leg upward unfolds.
In summary, XRP’s overarching trend remains positive. While a pullback seems plausible in the short term, maintaining support near $3.00 could propel the asset back toward the $4.00 milestone. Traders should closely observe price behavior and volume activity in the key retracement area to gauge the strength of upcoming movements.
Related: XRP Price: $12M Max Pain for Bears
The post Ripple Price Analysis: Will XRP Dip Before Rocketing Past $4? appeared first on CryptoPotato.
Quick Summary
XRP has shown remarkable bullish strength recently, driving past its previous all-time high and capturing attention with its aggressive upward momentum. As the market digests these gains, all eyes are now on whether a brief correction will take place before XRP pushes toward the critical $4 level.
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.
