XRP Targets New Psychological Levels
According to leading market analysts, XRP may face significant changes after reaching the $4–$5 range. This level is seen as a crucial milestone that could determine the asset’s next price direction.
During the ongoing bull cycle, XRP has been one of the top-performing assets, recovering several key price levels it lost in previous years. Step by step, XRP has climbed:
November 16, 2024: XRP surpassed $1.December 1, 2024: It reached $2.January 15, 2025: XRP broke past $3 for the first time.
Next Target: $4
Current market conditions and bullish sentiment suggest that XRP is on track to reach the psychological level of $4, which investors see as the next logical target. Analyst EGRAG Crypto predicts that once XRP hits the $4.4–$5 range, it could either continue its upward momentum or face a significant correction.
Historical Data as a Guide
In his analysis, EGRAG used the Optimizer tool, which analyzes moving averages to identify market peaks. According to his chart, XRP has reached three peaks in the past:
$0.2274 in May 2017,$3.06 in January 2018,$1.98 in April 2021.
EGRAG now predicts that the current cycle could produce a fourth peak at $4.40.
Price Scenarios After Reaching $4–$5
EGRAG emphasizes that the $4–$5 range could act as either a springboard for further growth or a trigger for a correction, similar to what happened in January 2018 at the $3.06 peak. If bulls maintain control, EGRAG outlines three key targets:
$13: XRP would need to rise by 308% from its current price to reach this level.$27: After hitting $13, a further 107% increase could push XRP to $27.$44: The final target represents a 62% increase from $27.
Current Market Situation
At present, XRP is trading at $3.18, reflecting a 3.18% increase in the past 24 hours. Bulls continue to defend the $3 support level, similar to how they protected the $2 level throughout December 2024.
Holding this key support is critical for XRP to continue its climb toward the $4–$5 range. The coming weeks will be pivotal in determining its next move.
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