XRP Could Rise to 4 USD After XRP/BTC Pair Breaks 30-Day Resistance

XRP recorded a break of the uptrend structure on the daily chart on January 11th after this altcoin reached a high of $2.60. Since then, the price has dropped to a low of $2.33 on January 13th but quickly recovered its position above $2.45 during the trading day. XRP is currently the third largest cryptocurrency asset, including stablecoins, with a market capitalization of $141 billion.

XRP/BTC Aims to Close Above 4-Year Resistance Level While XRP has lagged behind Bitcoin in the 2021 bull run, this altcoin has established a firm position for itself in 2024/2025. With a weekly close above $2.50 last week, XRP/BTC saw its highest weekly candle close since October 2022, as illustrated in the chart.

Similarly, the consistently superior performance of XRP compared to BTC may flip the weekly resistance threshold in May 2021. Over the past few years, this resistance level has been tested three times, with the most recent activation in November 2024. In general, the price movement of XRP against BTC implies that the market is paying wide attention to this altcoin as it approaches its all-time high (ATH) of $3.40 in 2018. Regarding the new ATH, CRYPTOWZRD, a cryptocurrency trader, said: “XRP has surpassed the previous resistance level to become a support level, and is now ready to rise to $4.00 and then $8.00 in the higher timeframe.”

The trader has explained his prediction point with the help of market sentiment on the weekly altcoin chart, which is currently following the upward trend of XRP since 2017. Similarly, Titan of Crypto, a technical analyst and cryptocurrency investor, has set a similar price target of $4.32 for this altcoin. This analyst emphasizes that recent daily price action of XRP has invalidated a death cross with a golden cross, further reinforcing the bullish case for XRP. XRP Undergoes Breakout Price Increase From Signal Flag On January 11th, XRP immediately broke through the resistance level at $2.50 and thus witnessed a breakout from its triangle/pennant pattern. The pennant, formed over 42 days or seven weeks, has a technical breakout target of $3.50, which is 50% higher than the $2.35 breakout point.

However, altcoin must close the daily candle above the main resistance level between $2.60 and $2.48 and reverse the range to support. The relative strength index (RSI) is currently consolidating above 50, implying that the upward price pressure for altcoin continues to increase on the long-term chart. Closing above $2.60 will allow XRP to move quickly to $2.72 and $2.90 as selling liquidity is present at these levels. DYOR! #Write2Earn #Write&Earn $XRP (XRPUSDT)