XRP is showing strong bullish momentum, with analysts predicting a potential rise soon. Crypto analyst CryptoWzrd (@cryptoWZRD_) recently shared a technical analysis highlighting XRP’s bullish confirmation.
According to the chart, XRP has formed a healthy bullish candle following a bullish hammer at a key support level, and the analyst expects a surge to $4.5.
⚠️ XRP'S NEXT RALLY 👩🏻🚀
Easy and Clear, $4.50 is coming.. 🚀
🚨 $XRP is closing the week with a bullish confirmation following a hammer from a major WZRD Support.. this is BULLISH 📈
New high’s soon 😳 pic.twitter.com/L0s4t5hq10
— CRYPTOWZRD (@cryptoWZRD_) February 16, 2025
Technical Confirmation Supports Bullish Outlook
XRP has recently seen a strong uptrend, and the latest price action suggests continued gains. The weekly candlestick structure indicates a bullish hammer, followed by a green candle, confirming a potential rally continuation.
The presence of this bullish formation at a significant support level further strengthens the argument for a move higher. The analysis highlights XRP’s major support, which has provided a solid foundation for this upward movement.
After a bearish turn in early February and a period of accumulation, the price broke out and has continued forming higher lows, a typical sign of sustained bullish momentum.
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$4.5 XRP Price Target Based on Historical Analysis
CryptoWzrd maintains a $4.5 target for XRP, a prediction in place since June 2023. With the recent bullish confirmation, the price action aligns with this forecast. The chart suggests that XRP’s next resistance level is around $3.23, and a breakout above this level could accelerate its move toward the $4.5 target.
Historically, XRP has exhibited strong rallies after key technical breakouts. The cryptocurrency saw a major surge in late 2024, followed by a consolidation. This recent bullish confirmation indicates that XRP may be entering another upward phase.
The digital asset also breached the $3.2 level in January, after rising to a multi-year high of $3.39. With additional bullish factors like the recent SEC acknowledgment of XRP ETF applications , the asset could hit $4.5 soon.
The cryptocurrency market has also shown signs of recovery. XRP has historically moved in tandem with major market trends, and continued strength in the crypto sector could further support its rally.
XRP is currently trading at $2.66, and a surge to $4.5 would represent a notable 69.2% increase and mark a new all-time high for the digital asset. XRP has risen over 350% from early November 2024. Its spectacular performance over the past few months shows it can easily close the 69.2% gap.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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