The XRP market is showing significant technical strength as multiple analysts identify a Wave 4 corrective structure that could propel the digital asset to new all-time highs. According to detailed technical analysis, XRP appears poised for a major breakout that could see prices reach $4 by April 2025.
Technical Analysis Points to Historic Pattern Repetition
Crypto analyst Prophecy Trading has identified striking similarities between XRP’s current price action and the patterns that preceded its legendary 2017 bull run. The analysis reveals a Wave 4 corrective structure that historically precedes significant price appreciation.
This analysis gains additional credibility when viewed alongside XRP’s recent surge toward the $2.60 resistance level, suggesting the asset is building momentum for its next major move.
Key Price Levels and Support Zones
CasiTrades has identified critical price levels that traders should monitor:
- Current Support: $2.36 (0.618 Golden Retracement)
- Immediate Resistance: $2.70
- Macro Targets: $3.05 and $3.40
- ATH Test Level: $3.80
Market Structure Analysis
Several technical indicators support the bullish outlook:
- Bullish RSI divergence forming
- Strong consolidation rather than breakdown
- Historical pattern alignment with 2017 bull run
- Correlation with broader market trends
Frequently Asked Questions
What is causing XRP’s potential price surge?
The combination of technical patterns, market cycles, and broader crypto market momentum are creating conditions similar to previous bull runs.
When could XRP reach the projected $4 target?
Analysts suggest April 2025 as the potential timeframe for reaching new all-time highs, though market conditions could affect this timeline.
What are the key risks to this prediction?
Market volatility, regulatory changes, and broader economic factors could impact the projected price movement.
At press time, XRP is trading at $2.45, showing a 2% increase over the last 24 hours. The asset continues to demonstrate resilience as it maintains its position above key support levels.