Even as XRP price drops to near $2, the cryptocurrency expert has set a price target of $4.68 in a comprehensive price study on TradingView. This interesting prediction uses the resistance and support levels on the XRP price chart, which are better for technical analysis.
The expert believes that the point of no return will start an upward trend for XRP, allowing it to reach new highs.
Market confirmation is the key to $4.68
XRP price has been steadily declining over the past seven days. CoinMarketCap reports that XRP’s value has dropped by 10% in the past week. This negative trend has continued for 24 hours, with the token down by 1.5%. XRP is close to breaking below $2, which could signal further downside momentum.
The crypto analyst’s plan for XRP is to watch the market activity for a bullish breakout. He urges avoiding speculation about the date and waiting for the market to prove it instead.
The daily candlestick chart of XRP that accompanied his research showed support and resistance levels, with the highest level being $3. Since December 17, $2.36 has been the closest resistance level for XRP. The expert pointed to $1,968, $1,608, and $1,325 as support. If XRP continues to decline, these support levels will be crucial for any reaction.
A long bullish rally is expected for cryptocurrencies in 2025, with XRP leading the way. Alan Santana agrees, saying a major move is imminent. The expert said it is impossible to predict when this will happen, but confirmation will be quite accurate.
After approval, XRP will soar to the moon. However, the XRP price chart prepared by analysts predicts it will reach $4.68 in mid-February 2025.