In a detailed analysis of XRP prices on TradingView, cryptocurrency analyst AlanSantana set a price target of around $4.68, even though XRP extended its decline towards the $2 mark. This compelling 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 (point of no return) will signal the beginning of a bullish trend for XRP, paving the way for it climbed to up-to-date all-time highs.
$4.68 Roadmap: Market Confirmation Is Key
The XRP price trajectory over the past seven days has been as follows filled with consistent decline. According to data from CoinMarketCap, the valuation of XRP has dropped by approximately 10% in the last seven days alone. This downward trend has continued over the past 24 hours, with the token seeing an additional decline of approximately 1.5%. As it stands, XRP is close to breaking below the critical support level of $2, which could signal further downside momentum.
According to analyst Alan Santana, this ongoing retracement/correction/consolidation period could last as long as it wants and there is no way to determine when it will end. Therefore, a crypto analyst’s strategy for XRP is to monitor the market behavior to confirm a bullish breakout. He emphasizes that one should avoid speculating on exact dates and wait for real evidence from the market itself.
With this in mind, the XRP daily candlestick chart accompanying his analysis is highlighted by various support and resistance levels, the highest of which is the $3 price level. The nearest indicated resistance level is around $2.36, which has been a headwind 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 to decline, these support levels would serve as key points to watch for any noticeable reaction.
When will XRP reach $4.6?
The general mood is this extended bull rally in cryptocurrencies in 2025, which is where XRP occurs expect him to be a major contributor. This sentiment is shared by AlanSantana, who noted that there is still a sturdy move coming. The analyst noted that at this point it is impossible to predict the exact moment of this move, but confirmation will be shown with very high accuracy.
Once confirmed, XRP will go on a wild price rally to the Moon. Nevertheless, the analyst’s XRP price chart projections point to a price level of $4.68 in mid-February 2025.
This outlook lines up well with the predictions of other cryptocurrency analysts. For example, popular cryptocurrency analyst EGRAG CRYPTO recently predicted that XRP will reach the target price of $15 until May 5, 2025. Likewise, popular cryptocurrency analyst Ali Martinez he noticed it The XRP price chart shows a promising setup with a projected target of $11 in 2025.
Featured image created with Dall.E, chart from Tradingview.com
