XRP Price Primed for Bullish Surge—$4 Target in Sight as Recovery Gains Steam

XRP defies the crypto winter with a bullish continuation pattern—traders are eyeing a potential climb to $4 as buying pressure builds. The token’s resilience surprises skeptics, especially after Wall Street analysts wrote off altcoins last quarter (though they’ve been wrong before).

Key indicators flash green: RSI breaks out of oversold territory, and volume spikes suggest institutional fingers creeping back into the pie. If XRP holds above the $0.75 support level this week, the path clears for a 400% rally.

Of course, in crypto, ’bullish’ just means ’not currently on fire.’ But for once, the charts might actually justify the hype.

Low Volatility Points To Shift From Bearish Momentum

Recent price action has seen bullishness slowly creeping back ito XRP’s price action. Interestingly, crypto analyst MasterAnanda on the TradingView platform noted a strange XRP signal on the daily candlestick timeframe chart. Although strange, the strangeness is not in a bad way, as this is a bullish signal. 

According to his analysis on TradingView, the chart has transitioned from periods of high volatility and sharp swings, particularly noticeable from December through early April, to a phase characterized by increasingly small candles and narrowing price action. From April 13 to April 21, XRP’s daily candlesticks became significantly smaller, indicating minimal volatility even as the price moved upward. Nonetheless, this upward movement was enough to break above a downward sloping resistance trendline that has led to the creation of lower highs since January.

A similar phenomenon occurred around April 28, with the price drifting slightly lower over seven days but refusing to FORM new lows. This kind of behavior, where price consolidates without breaking down, is often interpreted as a bullish continuation pattern. MasterAnanda sees this as a bullish signal. It is confirmation that bearish momentum has faded. No bearish action, no bearish momentum; just consolidation before additional growth.

Consolidation Before Expansion: The Bullish Case For XRP

The chart accompanying MasterAnanda’s analysis reinforces this outlook. XRP has repeatedly bounced from a clearly defined support zone around the $2.00 mark since April 16. The highlighted accumulation area on the chart shows that buyers have consistently stepped in when the price dips toward this region. 

More importantly, each consolidation phase since the $1.61 low on April 7 has resulted in a higher low, further confirming a bullish structure. As the price continues to respect this zone, it lays the foundation for a strong upward breakout.

The analyst projected a MOVE toward $4, referencing a steep upward trajectory once the current range resolves to the upside. The green arrow marked on the chart above points directly toward this level.

At the time of writing, XRP is trading at $2.17, up by 2% in the past 24 hours.