XRP Gathers Momentum, Analysts Eye Potential Surge to $4
After months of stagnant trading, XRP is once again capturing the crypto market's attention, with recent price movements and recognizable chart patterns sparking optimism among analysts. While the coin has seen a modest rise recently, experts are pointing to key technical indicators that suggest a significant shift could be on the horizon, potentially propelling XRP towards the elusive $4 mark.
Charting a Potential Breakout
Prominent crypto analyst DonWedge recently highlighted a half-day chart on TradingView, noting XRP's promising technical posture. His analysis draws parallels to previous market cycles, specifically identifying a downward-sloping channel that echoes earlier price action. Historically, such periods of quiet consolidation in XRP have been followed by rapid climbs. Following a sustained decline over roughly half a year, previous patterns showed the asset making unannounced jumps once selling pressure eased. This historical echo suggests that XRP's current fresh lows, while testing familiar support levels, might actually be presaging another strong upward movement.
The Path to $4: Volume is Key
The immediate hurdle for XRP lies around the $2.10 multi-month trendline resistance. According to reports, a definitive daily close above this critical level, especially if accompanied by a surge in trading volume, would be a strong signal for a new uptrend. DonWedge's projection posits that a successful breakout could see XRP target $4, representing a substantial gain of over 100% from current levels. However, caution is advised, as price movements without robust volume confirmation can often lead to false breakouts and prolonged consolidation. Analyst ChartNerd echoes this sentiment, designating 2026 as a "telling year" for XRP, predicting either a forceful breakout or a significant fall below its long-standing support structure. The consensus highlights that while market compression often precedes expansion, clear validation through volume will be paramount for any sustained rally.
