Justifications for Trust
Robust editorial guidelines emphasizing precision, relevance, and neutrality
Developed by field authorities and carefully vetted
The utmost criteria in journalism and publishing
Robust editorial guidelines emphasizing precision, relevance, and neutrality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
The XRP price is turning optimistic yet again, with innovative technical assessments suggesting the altcoin may be heading toward a new All-Time High (ATH). As the value approaches vital resistance levels, analysts are predicting a surge beyond $4. In addition to this perspective, they have supplied comprehensive trading advice and determined the optimal timeframe for investors to contemplate profit-taking.
Master Ananda, a well-known TradingView analyst, has indicated that XRP is currently displaying robust technical signals of a bullish breakout that might propel it to new highs above $4.5. Despite undergoing a prolonged downtrend, the cryptocurrency seems to be entering a robust new growth phase that could elevate its price significantly above previous ATH levels near $3.84.
XRP Price Targets Significant ATH Breakout Above $4.5
Importantly, the TradingView analyst draws attention to the low of a recent correction established on April 7, with a peak recorded on May 12. Following this, there was a 24-day pullback phase that concluded on June 5, when XRP established a higher low. Based on these price movements, Master Ananda notes that approximately 27 days have passed since XRP last experienced bullish price activity, marking nearly an entire month of consolidation.
Related Reading: XRP Wave Structure Predicts Wild Fluctuations On Its Path To $4 ATH
Nevertheless, the analyst emphasizes that the recent confirmation candle on June 8 bolsters the expectation that XRP is reestablishing its upward trend. The analyst’s chart showcases a distinct breakout from a declining trendline, soon shifting into an ascending channel. This formation, combined with significant volume activity and a bullish price arrangement, indicates a potentially strong rally for XRP.
Fibonacci levels depicted on the chart imply that XRP might achieve a short-term target of $4.5 (1.618 Fib) after exceeding upper resistance levels at $2.71 and $3.019. The chart also indicates a possibility for XRP to breach this initial $4.5 level, aiming for $6.29 (2.618 Fib).
Significantly, Master Ananda anticipates that XRP could hit a peak ahead of most assets this cycle, as its bullish momentum commenced early with a historical surge from $0.5 to slightly above $3 this year. The analyst also projects that once XRP reaches its pinnacle, a substantial correction could ensue, potentially signaling the conclusion of the existing bullish trend.
Analyst Reveals Trading Strategy And Profit-Taking Zone
In addition to short-term price movements, Master Ananda outlines a comprehensive trading strategy aimed at maintaining positions through the current growth phase. Instead of realizing partial profits around the $2.71 and $3.02 price peaks, the analyst advises traders to hold a full position until XRP reaches the $4.5 target and take-profit zone.
Related Reading
This strategy aims to capture the fullest upside potential of this bullish cycle without diminishing gains through premature exits. Once XRP achieves this milestone, the analyst suggests partially taking profits—not exiting completely, but rather preparing capital for potential reinvestment during the next market correction.
Master Ananda further positions XRP as a leading indicator in what may become an extended altcoin bull market. A breakout above $4.5 is likely to ignite explosive growth in lower-cap cryptocurrencies. While XRP is anticipated to deliver gains of up to 50%, these assets are projected, according to the TradingView analyst, to yield returns of 150% in a single day.
Featured image from Getty Images, chart from Tradingview.com