Emily Walker
In an analysis on the TradingView platform, crypto analyst AlanSantana has set a price target for XRP at about $4.68, despite the token’s decline toward the $2 threshold. This prediction is grounded in the resistance and support levels identified in the XRP price chart, which are crucial for technical analysis.
AlanSantana highlights that a pivotal moment will signal the beginning of a bullish trend for XRP, which could lead the token to achieve new all-time highs.
The Path to $4.68: Importance of Market Validation
Over the past week, the price of XRP has shown a consistent decline, according to data from CoinMarketCap, with a approximately 10% decrease noted over these seven days. This downward trend continued in the last 24 hours, reflecting an additional drop of about 1.5%. Currently, XRP is on the verge of falling below the significant $2 support level, which could trigger further bearish activity.
AlanSantana explains that this phase of retracement or consolidation could last indefinitely, making it difficult to predict an end. Therefore, his strategy focuses on observing market trends for confirmation of a bullish breakout rather than speculating on specific dates.
His analysis includes a daily candlestick chart highlighting various support and resistance levels, with the key resistance at the $3 mark. The nearest resistance is around $2.36, which has been a barrier since December 17, while support levels at $1.968, $1.608, and $1.325 are noted as critical should further declines occur.
Upcoming Potential for XRP to Hit $4.68
There is a prevailing sentiment of a bullish rally in the cryptocurrency market expected in 2025, with XRP anticipated to play a significant role. AlanSantana believes a substantial move is on the horizon, though it’s not possible to predict precisely when that might occur—confirmation signals are expected to be highly accurate.
Once that confirmation arises, XRP could experience a substantial price surge. Projections from AlanSantana’s chart suggest that the $4.68 target could be reached by mid-February 2025.
This forecast aligns with the views from other analysts in the crypto space. For example, crypto analyst EGRAG CRYPTO forecasted that XRP might hit $15 by May 2025. Likewise, analyst Ali Martinezindicated that XRP’s chart is looking positive, with a potential target of $11 later in 2025.