{"id":658931,"date":"2024-12-07T21:30:50","date_gmt":"2024-12-07T21:30:50","guid":{"rendered":"https:\/\/uniquehot.com\/?p=658931"},"modified":"2024-12-07T11:31:08","modified_gmt":"2024-12-07T11:31:08","slug":"xrp-price-forecast-analyst-sets-4-target-after-potential-retrace","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/xrp-price-forecast-analyst-sets-4-target-after-potential-retrace\/","title":{"rendered":"XRP Price Forecast \u2013 Analyst Sets $4 Target After Potential Retrace"},"content":{"rendered":"

XRP has seen a sharp 25% pullback from its recent local high of $2.90, leaving investors questioning its next move. Despite the correction, many analysts remain optimistic about XRP\u2019s potential to regain momentum, while others predict a deeper retrace before any significant rally. The market appears divided, with bulls eyeing a potential breakout and skeptics bracing for a quiet sell-off.<\/span><\/p>\n

Related Reading: Dogecoin Still In Consolidation \u2013 Analyst Expects $0,63 If We Get A Breakout<\/a><\/p>\n

Crypto analyst Harry weighed in on the discussion, sharing a detailed technical analysis on X. He highlighted that XRP could target a $4 price once it completes a deeper retracement. Harry\u2019s analysis suggests that while bullish sentiment remains valid, the path forward might require additional consolidation or even a short-term dip to reset market conditions.<\/span><\/p>\n

This divergence of opinions underscores the uncertainty surrounding XRP\u2019s price action. Will the retrace provide a launchpad for the next rally, or will it pave the way for prolonged bearish pressure?\u00a0<\/span><\/p>\n

As XRP hovers near key levels<\/a>, the coming days will determine whether bulls or bears gain control. For now, XRP holders and traders must watch these movements closely, as the token\u2019s future hinges on breaking this current stalemate.<\/span><\/p>\n

Price Action Signals Storm Before The Run\u00a0\u00a0<\/span><\/h2>\n

XRP has recently faced a significant retrace, and many analysts believe further correction or consolidation could be on the horizon before a bullish continuation occurs. After reaching high levels, the token pauses, with some experts forecasting a stabilization period. However, the bullish camp remains hopeful, anticipating new highs in the coming months as buy-side pressure builds.<\/span><\/p>\n

Top analyst Harry shared his insights on X<\/a>, pointing out that XRP has yet to retest the critical $1.96 breakout level. Currently, the price is hovering between $1.96 and the 2017 all-time high of $2.77. According to Harry\u2019s technical analysis, this positioning indicates growing bullish momentum.<\/span><\/p>\n

\"XRP
XRP Buy-side pressure appears to be mounting | Source: Harry on X<\/a><\/figcaption><\/figure>\n

He further suggests that if XRP\u2019s current flag formation breaks to the upside, the token could be poised for a powerful rally toward new highs.<\/span><\/p>\n

Related Reading: SUI About To Break ATH Again \u2013 Can Bulls Target $4.20 This Week?<\/a><\/div>\n

This analysis follows weeks of speculation surrounding XRP\u2019s price trajectory, especially in the wake of Bitcoin\u2019s volatile movements. BTC has fluctuated around the $100K psychological level, repeatedly breaking and losing it. These conditions have added an extra layer of uncertainty to the market, leaving traders uncertain of what to expect next.<\/span><\/p>\n

XRP Showing Indecision\u00a0\u00a0<\/span><\/h2>\n

XRP is trading at $2.40, marking a 14% recovery from its recent local lows of $2.16. Despite this bounce, the token\u2019s price action remains uncertain as market sentiment remains divided. Traders and investors are closely monitoring the next moves, with no definitive signs pointing to either a bullish continuation or the formation of a cycle top.<\/span><\/p>\n

\"XRP
XRP testing crucial liquidity levels | Source: XRPUSDT Chart on TradingView<\/a><\/figcaption><\/figure>\n

The key levels to watch are $2.25 and $2.50. If XRP manages to hold above the $2.25 support and reclaim the $2.50 level in the near term, it could signal the start of a renewed bullish rally. This scenario would likely attract additional buying pressure, pushing XRP closer to retesting its recent highs. However, the market’s current indecision reflects broader uncertainty, and any failure to reclaim these levels could lead to further consolidation or a potential downside.<\/span><\/p>\n

Related Reading: Cardano Whales Keep Buying \u2013 Price Holds Above Crucial Mark<\/a><\/div>\n

As Bitcoin and the broader crypto market experience fluctuating trends, XRP\u2019s next move will be critical in determining its trajectory. For now, the token remains in a delicate position, and traders should exercise caution while keeping an eye on these pivotal price levels. Whether XRP resumes its upward momentum or sees additional correction will largely depend on market conditions in the coming days.<\/span><\/p>\n

Featured image from Dall-E, chart from TradingView<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

XRP has seen a sharp 25% pullback from its recent local high of $2.90, leaving investors questioning its next move. Despite the correction, many analysts remain optimistic about XRP\u2019s potential to regain momentum, while others predict a deeper retrace before any significant rally. The market appears divided, with bulls eyeing a potential breakout and skeptics bracing for a quiet sell-off. Related Reading: Dogecoin Still In Consolidation \u2013 Analyst Expects $0,63 If We Get A Breakout Crypto analyst Harry weighed in on the discussion, sharing a detailed technical analysis on X. He highlighted that XRP could target a $4 price once it completes a deeper retracement. Harry\u2019s analysis suggests that while bullish sentiment remains valid, the path forward might require additional consolidation or even a short-term dip to reset market conditions. This divergence of opinions underscores the uncertainty surrounding XRP\u2019s price action. Will the retrace provide a launchpad for the next rally, or will it pave the way for prolonged bearish pressure?\u00a0 As XRP hovers near key levels, the coming days will determine whether bulls or bears gain control. For now, XRP holders and traders must watch these movements closely, as the token\u2019s future hinges on breaking this current stalemate. Price Action Signals Storm Before The Run\u00a0\u00a0 XRP has recently faced a significant retrace, and many analysts believe further correction or consolidation could be on the horizon before a bullish continuation occurs. After reaching high levels, the token pauses, with some experts forecasting a stabilization period. However, the bullish camp remains hopeful, anticipating new highs in the coming months as buy-side pressure builds. Top analyst Harry shared his insights on X, pointing out that XRP has yet to retest the critical $1.96 breakout level. Currently, the price is hovering between $1.96 and the 2017 all-time high of $2.77. According to Harry\u2019s technical analysis, this positioning indicates growing bullish momentum. He further suggests that if XRP\u2019s current flag formation breaks to the upside, the token could be poised for a powerful rally toward new highs. Related Reading: SUI About To Break ATH Again \u2013 Can Bulls Target $4.20 This Week? This analysis follows weeks of speculation surrounding XRP\u2019s price trajectory, especially in the wake of Bitcoin\u2019s volatile movements. BTC has fluctuated around the $100K psychological level, repeatedly breaking and losing it. These conditions have added an extra layer of uncertainty to the market, leaving traders uncertain of what to expect next. XRP Showing Indecision\u00a0\u00a0 XRP is trading at $2.40, marking a 14% recovery from its recent local lows of $2.16. Despite this bounce, the token\u2019s price action remains uncertain as market sentiment remains divided. Traders and investors are closely monitoring the next moves, with no definitive signs pointing to either a bullish continuation or the formation of a cycle top. The key levels to watch are $2.25 and $2.50. If XRP manages to hold above the $2.25 support and reclaim the $2.50 level in the near term, it could signal the start of a renewed bullish rally. This scenario would likely attract additional buying pressure, pushing XRP closer to retesting its recent highs. However, the market’s current indecision reflects broader uncertainty, and any failure to reclaim these levels could lead to further consolidation or a potential downside. Related Reading: Cardano Whales Keep Buying \u2013 Price Holds Above Crucial Mark As Bitcoin and the broader crypto market experience fluctuating trends, XRP\u2019s next move will be critical in determining its trajectory. For now, the token remains in a delicate position, and traders should exercise caution while keeping an eye on these pivotal price levels. Whether XRP resumes its upward momentum or sees additional correction will largely depend on market conditions in the coming days. Featured image from Dall-E, chart from TradingView<\/p>\n","protected":false},"author":617,"featured_media":658935,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[13028,91446,4531,90867,87392,83637,13172,15622,78763],"class_list":["post-658931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-altcoins-technical-analysis","tag-crypto-xrp","tag-xrp","tag-xrp-bull-run","tag-xrp-bullish","tag-xrp-news","tag-xrp-price","tag-xrp-price-forecast","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Price Forecast \u2013 Analyst Sets $4 Target After Potential Retrace<\/title>\n<meta name=\"description\" content=\"XRP Faces 25% Pullback, Analysts Debate Next Move. Bullish Outlook Prevails Despite Potential Correction. 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Bullish Outlook Prevails Despite Potential Correction. 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