XRP Price: Analysts Predict Momentous Trend Shift with $4 Breakthrough Imminent

Are you tracking the latest movements in the cryptocurrency market? XRP price is currently capturing significant attention. Following a recent market pullback, XRP has shown remarkable resilience. Analysts now suggest a major trend shift is underway for the digital asset. This potential shift could see XRP aiming for a substantial rally, with a $4 target becoming increasingly viable. Investors and traders are closely monitoring key indicators, looking for confirmation of this bullish momentum.

XRP Price Signals a Potential Trend Shift

The broader crypto market recovery often sees certain assets lead the charge. XRP (XRP) price demonstrated notable strength this week. It surged by 6.8% from Monday’s lows. These lows were around the $2.70 mark. Traders adjusted to the latest sell-off. This sell-off followed an overleveraged market environment. However, a robust technical setup and compelling on-chain data now point to a significant XRP trend shift. This shift suggests the XRP/USD pair is primed for a reversal, potentially moving toward the coveted $4 level.

Nancy Lubale highlighted these developments four minutes ago. XRP’s upward movement since Monday’s crypto market pullback has impressed many. Furthermore, traders emphasize that key support levels must hold. This is essential to sustain any recovery toward new all-time highs. Ultimately, market sentiment is shifting. Investors are carefully observing the asset’s performance.

Technical Patterns Hint at an XRP $4 Target

Technical analysis often provides valuable insights into future price movements. Data from Crypto News Insights Markets Pro and TradingView illustrates XRP’s recent activity. The asset bounced off the lower trendline of a symmetrical triangle pattern. This occurred on the daily time frame. A symmetrical triangle forms when price consolidates. It moves between two converging trendlines. This pattern signals market indecision. Volatility typically decreases during its formation. It frequently precedes a decisive breakout.

For XRP, an upward breakout above the triangle’s resistance line at $3 would be a strong signal. Such a move could confirm the XRP trend shift. It would also open the path toward the measured target of the triangle. This target stands at $4.08. This represents a potential 42% climb from current levels. Bulls must first overcome resistance at $3.40. Furthermore, the eight-year high at $3.66 presents another hurdle. Traders should monitor these levels closely. Sustained momentum above them is crucial for reaching the **XRP $4 target**.

XRP/USD daily chart. Source: Crypto News Insights/TradingView

Whale Accumulation Boosts XRP Price Prospects

On-chain data offers a deeper look into market participant behavior. It provides clues about future XRP price action. Several indicators suggest XRP may continue its uptrend. This occurs despite lingering fears of further losses. These fears stemmed from Monday’s sell-off. For instance, Santiment’s Supply Distribution metric reveals a consistent increase. This increase is in the supply held by large entities. Specifically, addresses holding between 1 million and 10 million tokens have accumulated significantly. These entities are often referred to as ‘whales.’

Over the last few days, these XRP whale accumulation addresses have grown their holdings. They now collectively own 6.77 billion XRP. This represents a substantial 11% of the total XRP circulating supply. Notably, they scooped up an additional 30 million tokens between Monday and Tuesday alone. This accumulation during a dip suggests strong confidence. Whales anticipate further price increases. Their buying activity helps reduce selling pressure. It also creates a price floor. This encourages smaller retail investors to follow their lead. This pattern often precedes significant upward movements. Therefore, whale activity remains a critical indicator.

Supply held by addresses holding between 1M and 10M XRP. Source: Santiment

Analyst Insights Confirm Major XRP Trend Shift

Prominent analysts are also weighing in on the unfolding scenario. Trader and analyst CasiTrades provided crucial observations. She highlighted that XRP created a “massive wick down to a double bottom near $2.70” on the four-hour chart. This pattern is significant. CasiTrades stated, “A double bottom like this still fits within a valid Wave 2 count, as long as the price holds above $2.70.” Therefore, maintaining levels above $2.70 is critical. Key downside levels to watch include immediate support at $2.79. The recent low at $2.70 is also crucial. A drop below this level could bring the $2.58 support into play.

Conversely, CasiTrades identified major resistance targets. These are $4.00 and $4.40. These levels are based on Fibonacci extension levels. She concluded by stating, “The market is preparing for a major trend shift.” This sentiment aligns with other bullish perspectives. Crypto analyst CryptoBull also believes in a strong rally. He suggested the XRP price could reach $5 in October. This would happen if it breaks out of a bull flag pattern. Such a breakout would confirm the strong upward momentum. It would further solidify the case for the XRP $4 target and potentially higher.

XRP/USD four-hour chart. Source: CasiTrades

Sustaining the Crypto Market Recovery: What’s Next for XRP?

The positive momentum is not limited to whales. XRP’s net holder position change has been strongly positive. This trend began on August 22. This shift followed a period of red outflows. These outflows occurred in July and early August. They coincided with profit-taking. This profit-taking happened after the $3.66 multi-year highs. The Glassnode chart above visually represents this. It shows substantial XRP whale accumulation activity. Much of this accumulation occurred in the $2.70–$3 range. This indicates that investors are positioning for upside. They are not exiting the market. Consequently, these levels are vital for XRP traders. They represent crucial support zones moving forward.

XRP Holder Net Position Change. Source: Glassnode

The overall crypto market recovery hinges on sustained investor confidence. XRP’s ability to hold these key levels will be paramount. A confirmed breakout above $3.00 would reinforce the bullish narrative. It would solidify the path towards the XRP $4 target and beyond. Investors should monitor both technical indicators and on-chain metrics. These provide a comprehensive view of XRP’s potential trajectory. Ultimately, the confluence of these factors paints a compelling picture for XRP’s future. The market awaits confirmation of this anticipated upward movement.

In conclusion, the XRP price is showing compelling signs of a significant turnaround. Technical patterns, coupled with strong XRP whale accumulation, point towards a bullish future. Analysts widely anticipate a major trend shift. The $4.08 target from the symmetrical triangle pattern remains a key objective. However, traders must watch crucial support levels, especially $2.70. Sustained buying pressure and a resilient crypto market recovery will be essential. If XRP successfully navigates these challenges, its journey towards new highs appears increasingly likely.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.