🚀 XRP Price Channel Breakout Signals New ATH – Is $4 the Next Stop?

XRP just shattered its price channel—bulls are eyeing a historic rally. After months of consolidation, the breakout could propel the token to unprecedented heights. Analysts whisper $4 targets, though skeptics remind everyone this is crypto—where 'historic rallies' sometimes mean a 10% pump before lunch.

Technical Setup: The Perfect Storm

A textbook bullish flag formation triggered the breakout, with volume confirming legitimacy. The 2021 ATH now looks like a pit stop, not a finish line. Liquidity pools above $1.50 evaporated faster than a DeFi rug pull.

Market Sentiment: Greed With a Side of Caution

Derivatives data shows shorts getting liquidated at levels not seen since the 2023 SEC settlement frenzy. Retail FOMO is creeping back in, though institutional flows remain suspiciously quiet—probably too busy overcomplicating their ETH ETF allocation models.

Bottom Line: This isn't 2017's meme-driven mania. Real technicals back the move, but remember—even 'sure things' in crypto tend to correct harder than a leveraged trader's margin balance.

XRP Could Rise to $3.3 Shortly After Strong Support Bounce

Looking at the 4-hour chart, the price has moved above the 200-period exponential moving average (EMA) already in this lower time frame.

The price action has also broken a long-dated descending price channel that started back on July 21. This bullish breakout has been confirmed by a successful retest and bounce off the upper bound of the channel yesterday.

The next stop for XRP at this point, if the rally continues, WOULD be the $3.3 level. This means a potential 10% gain from where the price is right now.

The Relative Strength Index (RSI) has been moving a bit range-bound lately but is above the mid-line and has also crossed the 14-period moving average. If the rally accelerates and we get a breakout above the $3.3 area,

Whale watching seems worthwhile as it accurately predicted how XRP would move based on how these ‘smart money’ investors behaved.

As XRP’s prospects improve and Bitcoin resumes its upward path, the best crypto presales like Maxi Doge (MAXI) stand to benefit from this recent wave of positive momentum.

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The post Next crypto to Explode: XRP Could Make a New ATH After Price Channel Breakout – $4 In Sight? appeared first on icobench.com.