XRP price displays update Bullish momentum After decisively reversing from the key purchase zone. While cryptocurrencies have found the foundation in the current bullish setting, one crypto analyst predicts that altcoins are now Targeting new historical highstechnical indicators point to a potential rise to $4.
XRP Price Eyes $4 After Bullish Reversal
this XRP price actionIt has been building a bullish structure since lowering the discount range in the $0.85 to $1.00 discount range, now showing signs of a trend continuation that could exceed the psychological resistance of $3 and reach $4.
according to Analysis Report By the Crypto Analytics team, “setupsfx_” on TradingView, XRP has undergone a strong reversal Key Purchase Area – Areas marked by historical demands, strong leniency rejection and institutional order blocks.
It is worth noting that the analysis team introduced a detailed chart highlighting clean structures consistent with the Smart Currency Concept (SMC) (including accumulation, structural rupture (BOS), and liquidity hunting before the current upward movement). Based on analysis, Altcoin shows a textbook reversal from the buy zone, after it was recently a magnet for Bullish Momentum catalyzed buyer liquidity.
Charts show multiple confirmations of strength, including cleaning Role Change (choch) And recently, a higher high point is formed after the bottom. As prices rise, it also respects the three-point trend line rejection and an imbalance zone (IMB), thus adding technical confirmation XRP bullish case.
XRP currently trades slightly above $2.4, while Merger after the first rallySetupSFX_ says that before targeting $3.00, the market can enter the secondary accumulation phase. If the bullish momentum and volume momentum continues, a clean break for resistors above $3.00 could put the price above $3.7 and send to the $4 target on target in the coming weeks.
During this period, the Transaction Landscape Analysis team stressed that the broader cryptocurrency market may remain Significant fluctuations. Nevertheless, they maintain a strong bullish stance on the outlook for XRP, which is expected to increase ATH by 66.6%.
Analysts Reveal When to Buy
In projection XRP Price Rally To $4, SetupSFX_ provides traders with detailed strategic guidance on how to take advantage of the expected bullish scenario. His chart analysis highlights the best entry points, recommended stop loss, and well-defined buying areas.
TradingView analysis team pointed out Entrance point About $1.6, stop loss is slightly above $1.4 to manage downside risks. It is worth noting that the team has also confirmed Ideal area for buying Between $2.40 and $2.43. According to the chart, if Altcoin sticks to the expected $4 target, the range could become a higher entry point.
Featured images from Istock, charts from TradingView.com
Editing process For Bitcoin experts, focus on thorough research, accurate and impartial content. We adhere to strict procurement standards and each page is diligently evaluated by our top technical experts and experienced editorial team. This process ensures the integrity, relevance and value of our content to our readers.
