XRP Price Explodes—Could $4 Be the Next Stop in This Rocket Ride?
XRP just flipped the switch on its afterburners—price charts look like a SpaceX launch replay. Is this the breakout that finally silences the skeptics?
### The $4 Question
With volatility sharper than a hedge fund manager's suit, XRP's surge has traders scrambling. The $4 target, once dismissed as hopium, now glimmers on technicals. But remember: in crypto, 'mathematical inevitability' often meets 'hold my beer' market moves.
### Liquidity Tsunami or Mirage?
Exchange order books show whales testing the waters. Retail FOMO could turn this rally into a stampede—or leave bagholders whispering 'Wyckoff distribution' through clenched teeth. Pro tip: when your Uber driver starts charting Fibonacci retracements, maybe check your stop-loss.
Whether this is the real deal or just another pump before the dump, one thing's certain: the SEC's lawsuit drama now plays second fiddle to pure price action. Just don't remind anyone about 2018's 'sure thing' predictions.
XRP Price Rallies Over 15%
XRP price started a fresh increase after it settled above the $3.00 level, beating Bitcoin and Ethereum. The price was able to climb above the $3.220 resistance level.
The bulls remained in action and the price gained pace for a MOVE above $3.350 barrier. Finally, the price tested the $3.650 zone. A high was formed at $3.660 and the price is now consolidating gains. There was a move below the $3.60 level but stayed above the 23.6% Fib retracement level of the upward move from the $2.80 swing low to the $3.660 high.
The price is now trading above $3.50 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3.450 on the hourly chart of the XRP/USD pair.
On the upside, the price might face resistance NEAR the $3.620 level. The first major resistance is near the $3.660 level. A clear move above the $3.660 resistance might send the price toward the $3.750 resistance. Any more gains might send the price toward the $3.80 resistance or even $3.880 in the near term. The next major hurdle for the bulls might be near the $4.00 zone.
Downside Break?
If XRP fails to clear the $3.660 resistance zone, it could start another decline. Initial support on the downside is near the $3.450 level and the trend line zone. The next major support is near the $3.350 level.
If there is a downside break and a close below the $3.350 level, the price might continue to decline toward the $3.320 support. The next major support sits near the $3.220 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.
Major Support Levels – $3.450 and $3.350.
Major Resistance Levels – $3.660 and $3.80.
