- XRP has broken above $3.30, confirming a strong bullish signal for traders.
- The price is expected to rise 17% to $4 based on its recent breakout.
- A retest near $2.95 is possible, but momentum points to more gains ahead.
In a technical development, XRP has exhibited a significant breakout from a bullish flag pattern, signaling the potential for an upward price movement toward the $4 mark. This analysis, shared by renowned cryptocurrency analyst Ali (@ali_charts) on January 19, 2025, offers a detailed glimpse into XRP’s ongoing price momentum and what traders might expect in the short term.
The chart provided by Ali illustrates XRP’s price action over the past several trading sessions. After a steep upward surge, XRP consolidated within a flag-like formation. This pattern, often viewed as a continuation signal, indicated a brief period of profit-taking or indecision before the next leg higher.
The breakout above the flag’s resistance at approximately $3.30 validates the bullish bias and sets the stage for a projected target of $4.
Technical Breakout and Price Targets
The breakout’s significance lies not just in its technical implications but also in the psychological importance of breaching the $4 level. Such a move would likely attract more buyers, potentially pushing XRP into new territories. At the time of analysis, XRP was trading around $3.2720, reflecting a modest increase of +0.08% on the day.
The breakout from the flag formation suggests an imminent rally with a measured move that aligns with the height of the initial surge, pointing toward a target near $4. This translates to a potential gain of approximately 17.44%, as highlighted on the chart. The momentum showcased by XRP is indicative of broader market interest, as traders closely watch its price action.
The post by @ali_charts has garnered significant traction on social media, amassing over 126.9K views, 1.7K likes, and 266 retweets within 12 hours of publication. Traders in the comments section shared mixed opinions. Some hinted at a long-term bullish outlook, suggesting even higher targets beyond $4, while others speculated that XRP might first retest the $2.95-$3.30 range before making its run to $4. This underscores the importance of support and resistance zones, which are being closely monitored by both technical analysts and traders.
Potential Risks and Market Sentiment
Despite the optimistic outlook, some traders remain cautious. Consolidation below $3.30 or a failure to maintain momentum could result in a pullback to test lower support levels around $2.95. This aligns with typical price behavior following a breakout, where retests of prior resistance levels as support are common. Such price action would be critical to sustaining upward momentum and validating the strength of the breakout.
XRP’s performance comes amid heightened interest in cryptocurrencies, with many altcoins experiencing renewed bullish momentum. This broader market trend reflects a combination of macroeconomic factors, including interest rate policies and regulatory developments, which continue to shape the cryptocurrency landscape. For XRP specifically, these external factors, alongside technical levels, could significantly influence its trajectory in the near term.
