Proponents of the $4 goal perceive the current trading range of $1.28 to $1.33 as a foundation, similar to the one established by $XRP in 2024. The 100-day and 200-day moving averages are situated near $1.28, which they regard as a support level.
The anticipated trajectory entails several key stages:
- $1.60 to $1.73: significant resistance that must be surpassed to validate positive momentum.
- $2.19, $2.56, and $2.93: Fibonacci retracement levels that would need to be addressed next.
- $3.46, followed by $3.66: the latter figure represents $XRP’s historical peak.
- $4.14: a Fibonacci extension close to the $4 objective.
From a short-term perspective, moving beyond $1.42 could initiate a test of $1.52.
The Resistance Tested Seven Times
Despite this, $XRP has challenged its $1.27 to $1.55 range on seven occasions, recently bouncing off the $1.27 support again.
Considering this context, the path ahead appears as follows:
- $1.27, then $1.40, proceeding to $1.48, and finally reaching $1.55.
- If $XRP breaks above $1.55 with substantial volume and sustains that level, $1.70 and $1.88 would be the next targets.
However, this analysis cautions that levels tested repeatedly may weaken, meaning another attempt at $1.55 does not guarantee a breakout.
Can Retail Enthusiasm Propel $XRP?
Some analysts are focusing on retail interest rather than solely on technical charts. A newly created @$XRP handle on social media and updates on the $XRP website may attract new investors. $XRP’s image as a “normie chain” might actually work in its favor, as targeting everyday consumers can stimulate demand.
Market observers point to the debut of First Ledger, a meme coin platform on the $XRP Ledger. At the time of its launch, $XRP was trading around $0.52. Following that, $XRP surged to approximately $2.80, with an increase in on-chain transactions as the platform expanded. It remains uncertain whether the meme coins boosted $XRP or if $XRP’s rally attracted interest in the meme coins, suggesting that the timing may have been coincidental. Data from XRPScan indicates a resurgence in XRPL activity.
What Would Be Needed to Reach $4
For $XRP to achieve $4, it must:
- Surpass the $1.55 resistance that has held firm through seven evaluations.
- Navigate through the $1.60 to $1.73 resistance zone.
- Exceed its $3.66 historic high, all before November 30.
The rally of 2024 illustrated that significant movements are achievable, yet the ascent from $0.50 took weeks of preparation. At present, $XRP is trading in the lower section of its range.