Bullish momentum and technical patterns signal a potential rally for XRP, with price targets exceeding $4.
XRP Rallies Past Key Resistance
XRP showed bullish momentum on Jan. 11, breaking resistance at $2.50 and reaching $2.60 before briefly retracing to $2.33. The altcoin quickly regained footing above $2.45, reinforcing its upward trajectory.
XRP/BTC Breaks 4-Year Resistance
XRP/BTC achieved its highest weekly close since 2022, pushing past a four-year resistance level first established in May 2021. Market attention remains on XRP as it approaches its all-time high of $3.40, set in 2018.
Experts Predict $4+ Targets
Prominent traders like CryptoWZRD and Titan of Crypto have predicted XRP could rally to $4.00 or higher. Technical analyses show a bullish fractal pattern, with support levels flipping resistance into opportunities for further growth.
XRP Daily Technical Outlook: $XRP closed strongly bullish as projected. I’ll be expecting more volatility from this location tomorrow which should lead to a new trade as our current trade is already secured 😈
Breakout from Pennant Pattern
On Jan. 11, XRP broke out of a 42-day pennant formation, targeting a price of $3.50. RSI levels above 50 indicate sustained bullish pressure, with potential for the altcoin to rise to $2.72 and $2.90 if it maintains closes above $2.60.
Long-Term Prospects
The invalidation of a bearish death cross by a golden cross has further solidified XRP’s bullish argument. Analysts believe continued strength against Bitcoin and sustained bullish momentum could lead to significant price appreciation in the coming months.
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