XRP Price Prediction: $4.804 Possible, But Support Crucial

Recent technical analyses suggest a potential surge in XRP price. Analyst Javon Marks predicts a 44% climb to $4.804 if the key support level at $2.47 holds. This prediction is based on XRP trading above this previously resistive level, establishing a foundation for further upward momentum. Marks' analysis showcases a trend of higher lows, supporting a larger breakout. A successful breach of $4.804 could propel XRP to $7.138, representing a significant 128.7% increase. This would surpass the current all-time high and mark a historic rally. However, a recent rejection from the $3.66 resistance level, causing an 11% drop to the $3.00 support, introduces some uncertainty. Analyst Gael Gallot points to this rejection as part of a larger ascending triangle pattern, suggesting a potential upward move following a retest above $3.3. This pullback is seen by some as a potential setup, coinciding with a decrease in active XRP wallets, suggesting whale accumulation. Despite mixed short-term sentiment, with US traders exhibiting caution and Asian markets showing steady accumulation, the overall outlook is bullish, contingent on maintaining the key support level.

(Source: https://www.newsbtc.com/analysis/xrp/xrp-to-climb-44-to-4-804/)