XRP Price Prediction: Price Could Rise Dramatically to $4 If This Pattern Continues

The recent price movement of XRP is a combination of rises and falls, with analysts closely following key levels to see what will happen next. Although the market has faced a few pullbacks, the overall picture still seems hopeful for XRP fans. Main Resistance Holds XRP Recently, XRP has tried to break through the tough resistance zone between $2.55 and $2.62, but once again, the price was rejected. This zone has been a problem for XRP for a while, just like many other altcoins in the market. After this rejection, the price has slightly fallen, but still holds above key support levels. The Larger Trend Still Increases in Price Even with these small falls, the overall trend of XRP is still upward. On the daily chart, XRP continues to form higher highs and higher lows, which is a classic sign of an uptrend. Currently, the price is finding support around the $2.30 to $2.34 level, a region that was previously a resistance zone. As long as XRP remains above this level, the upward momentum is expected to continue.

However, if the price falls below $2.30, the next important support level will be between $2.10 and $2.15. Falling below this range could lead to a deeper pullback in the short term. Short-Term Price Action: Stay Calm Before Moving XRP is still under the influence of the recent bearish divergence, causing a small decline followed by sideways price movement. Currently, it seems that XRP will not have any major moves immediately. Bitcoin, which often leads the cryptocurrency market, is still holding firm — and when Bitcoin stabilizes, altcoins like XRP often quietly follow behind for a while before making a move. Many people following the market believe that if Bitcoin continues its upward trend, XRP may start to recover in the coming days. Elliott Wave Analysis Indicates Another Price Increase According to a recent market analysis based on Elliott wave theory — a popular tool for predicting market cycles — XRP may still be in the midst of the fifth wave, which is also the final wave in an upward direction. This wave could have started when XRP bottomed out in July of last year. If this pattern continues, XRP may aim for new highs, with a long-term price target of $4.20, $5.00, or even $5.65 before a larger market correction begins. Important Support And Resistance Levels To Follow (Long Term) Currently, XRP is still in a narrow range. The main resistance level is just above $3.30, while the strong support level is at $1.21. As long as the price remains above $1.21, the bullish outlook is still maintained. However, if it falls below this level, it will weaken the current setup and may force analysts to reconsider their predictions. In the short term, XRP has completed a five-wave pattern and according to the Elliott Wave rule, a three-wave correction may be the next move. The expected support level for this correction is between $2.60 and $1.79. As long as XRP holds above $1.79, the bullish trend remains safe.