XRP rally is gaining traction following a key breakout, according to veteran market analyst CasiTrades, who sees the asset heading toward a potential peak of $4.50. After an extended period of sideways trading, new chart signals point to renewed bullish momentum for XRP.

XRP breakout patterns hint at a new bullish wave, potentially targeting $4.50.

Analyst Predicts Breakout Following Prolonged Consolidation

According to CasiTrades’ latest analysis shared on Wednesday, XRP has officially exited a critical consolidation zone. This stagnation phase had previously capped price movement, but recent breakouts suggest that resistance barriers are starting to weaken. CasiTrades believes momentum is now in XRP’s favor, asserting that conditions are aligning for a significant upward run.

“We’re starting to see the first signs of a solid move,” she noted. “The consolidation framework is breaking down, and volume metrics indicate a shift in sentiment.”

Target Price Set at $4.50 as New High Potential

Historically, XRP peaked near $3.84 during the 2017 crypto bull run. The projected target of $4.50 would not only surpass that high but also establish a new record if realized.

Technical indicators such as Relative Strength Index (RSI) and Moving Averages show bullish crossover points. Additionally, ascending triangle patterns on mid-term charts support a thesis for continuation to the upside — a sentiment CasiTrades emphasizes in her forecast.

Market Sentiment and On-Chain Metrics Align Bullishly

Beyond technicals, analysts are observing positive sentiment shifts within the broader Ripple ecosystem. Whale accumulation, ongoing developments in Ripple’s payment network, and clearer regulatory context in key markets such as the U.S. and Europe contribute to a growing sense of optimism around XRP’s trajectory.

CasiTrades also pointed out that network engagement is rising, with more active wallet counts and transaction volumes indicating improving fundamentals on-chain. These elements further strengthen confidence in a sustained rally.

XRP’s Road Ahead: Momentum Meets Resistance

Despite the optimistic overlook, CasiTrades cautions that XRP may still face significant hurdles, including psychological resistance near previous highs and potential market-wide volatility. However, she remains confident that the breakout trend, paired with growing market interest, could override these challenges if momentum continues building.

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

For further details, you can visit the full analysis here.