In a detailed analysis of the XRP price on the TradingView platform, crypto analyst AlanSantana identified a price target of around $4.68, even as XRP has done so. extended its decline towards the $2 mark. This interesting prediction is based on the resistance and support levels on the XRP price chart, which are more reliable for technical analysis.
According to Alan SantanaThe moment of decision (the point of no return) will signal the start of an uptrend for XRP, paving the way for its rise to new all-time highs.
The roadmap to $4.68: market confirmation is key
The price trajectory of XRP in the last seven days has been full of constant decline. According to data obtained from CoinMarketCap, XRP’s valuation has fallen by approximately 10% in the last seven days alone. This downward trend has persisted over the past 24 hours, with the token seeing a further drop of around 1.5%. As things stand, XRP is poised to break below the critical $2 support level, a move that could signal further bearish momentum.
According to analyst AlanSantana, this ongoing pullback/correction/consolidation period can last as long as it wants and there is no way to determine when it will end. Therefore, the crypto analyst strategy for XRP is to monitor market behavior to confirm a bullish breakout. It highlights the need to avoid speculation about exact dates and instead wait for tangible evidence from the market itself.
With this in mind, the XRP daily candlestick chart that accompanied his analysis was highlighted by different support and resistance levels, the highest being the $3 price level. The closest resistance level highlighted is around $2.36, which has served as a hurdle for XRP since December 17. In terms of support, the analyst highlighted supports at $1,968, $1,608, and $1,325. If XRP were to continue falling, these support levels would serve as key points to watch for any notable response.
When will XRP touch $4.6?
The general feeling is extended bull rally for cryptocurrencies in 2025, one in which XRP is He is expected to be a main participant. This sentiment is echoed by Alan Santana, who noted that a strong movement is still taking place. The analyst noted that the exact timing of this move cannot be predicted at this time, but confirmation will be shown with a very high level of accuracy.
After confirmation, XRP will embark on a crazy price rally to the moon. However, projections on the analyst’s XRP price chart point to a price level of $4.68 by mid-February 2025.
This outlook matches well with the projections of other crypto analysts. For example, popular crypto analyst EGRAG CRYPTO recently predicted that XRP will reach a target price of $15 by May 5, 2025. Similarly, popular crypto analyst Ali Martinez noticed that The XRP price chart shows a promising setup with a projected target of $11 sometime in 2025.
Featured image created with Dall.E, chart from Tradingview.com
