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This is not financial advice! Investments are made at your own risk.
Based on the charts (weekly, daily, and 4-hour views) as well as the assumption that we are in a bull market and at the beginning of the altcoin season, a potential price forecast for XRP can be formulated.
If you want other coins analyzed, write it in the comments.
Chart Analysis:
Long-term weekly chart (1W):
Fibonacci Retracement: The price has consolidated near the Fibonacci level of 0.618 ($2.51), a very important resistance area. A breakthrough above this level could drive XRP towards $2.91 (0.786).
RSI (Relative Strength Index): With an RSI of about 76.69, this indicates strong bullish momentum, but the market is approaching overbought conditions.
MACD Indicator: The MACD line continues to signal bullish momentum, but the divergence may be decreasing.
Daily Chart (1D):
XRP is moving within a symmetrical triangle, indicating an impending decision. A breakout could trigger a strong movement upwards or downwards.
The Fibonacci level 0.5 ($2.22) offers strong support, while $2.51 (0.618) is considered short-term resistance.
Volume: The volume shows that buying pressure is present, but further momentum is needed to break through resistance.
4-Hour Chart (4H):
XRP has formed a bullish structure in the short term and is testing the upper end of the triangle.
The RSI is at 65.94, indicating room for further growth.
MACD and moving averages (MA) support a possible short-term breakout upwards.
Forecast:
Short-term target areas (1–2 weeks):
$2.50–$2.60: A breakout above the resistance at $2.51 (0.618 Fibonacci) is likely, especially as the altcoin season gains momentum.
Support at $2.22: Should the price fail, this level remains solid support.
Medium-term target areas (1–2 months):
$3.00 (0.786 Fibonacci): A breakthrough above $2.60 could drive XRP towards this psychologically important level.
The volume and dynamics of the altcoin season could further support this movement.
Long-term perspective (until the end of the bull market):
$4.00–$5.00: If XRP fully utilizes the bull market and altcoins benefit strongly, XRP could even rise to $5.00.
Historical highs of about $3.30–$3.50 must be overcome.
Conclusion:
Short-term: Testing resistance at $2.51 and potential rise to $2.60.
Medium-term: Target area of $3.00 with strong support at $2.22.
Long-term: Possible highs of $4.00–$5.00 in a strong bull market.
Important Note:
The movement of XRP is strongly dependent on the overall market trend and the dynamics of the altcoin season. It is advisable to continue monitoring volume and market sentiment.
