XRP Price On The Verge Of Breaking Out: Expert Sets $4 Target

In line with the broader cryptocurrency market’s recent upswing, the XRP price has captured attention with one of its largest weekly candles of the year, soaring over 14% in the past week and pushing the altcoin just above the $3 ￰0￱ performance positions XRP just 15% shy of its all-time high, making it one of the standout performers in the crypto space, trailing only Ethereum (ETH), Binance Coin (BNB), and Solana (SOL), which saw price increases of 16%, 23%, and 21%, respectively over the same time ￰1￱ Price Analysis Back in July of this year, the XRP price reached its peak of $3.66, but subsequent market corrections saw the token drop to as low as $2.70.

Since then, attempts to recover have faced challenges, particularly with a key resistance level at $3.10 that has thwarted upward movements since ￰2￱ Reading: Ethereum Price Forecast: Expert Predicts Final Impulse Wave Targeting $18,000 This struggle has led to the formation of a falling wedge pattern on XRP’s daily chart, signaling a potential shift as selling pressure wanes and buying interest ￰3￱ expert Lark Davis recently shared his insights on social media platform X (formerly Twitter), suggesting that if the XRP price can maintain momentum, it could target around $4, indicating a potential rally of approximately 33%. However, this bullish outlook hinges on XRP’s ability to consolidate above the $3 threshold, which would serve as confirmation of a breakout from the bullish pattern and pave the way for further price ￰4￱ ETF Approvals Propel Prices Higher?

Contrasting Davis’ optimistic view, market analyst Ali Martinez expressed skepticism, arguing that while a breakout may occur, it might only lead to a price target of $3.60, essentially retesting previous highs rather than achieving new ￰5￱ differing opinions, the general sentiment leans towards potential upside, bolstered by the anticipation of exchange-traded funds (ETFs) that may soon gain approval from the US Securities and Exchange Commission (SEC) for investing in ￰6￱ Reading: Bitcoin Price Nears Record Levels, Predictions Point To $140,000 By Early 2026 Leading analyst Crypto King highlighted the involvement of prominent names in the industry, with fund sizes ranging from $200 million to $1.5 ￰7￱ posited that the approval of even a single ETF could usher in a wave of institutional investment into XRP, significantly affecting its price ￰8￱ the prospect of institutional money entering the XRP market is enticing, it remains to be seen whether these funds will have a substantial impact on the XRP price, particularly given the precedent set by similar investments in Bitcoin (BTC) and Ethereum in 2024 following their own regulatory ￰9￱ image from DALL-E, chart from ￰10￱