XRP may rally towards $4 after the XRP/BTC pair clears the 30-day resistance level.
XRP (XRP) price recorded a major structural break on the daily chart on January 11 after the altcoin rose above $2.60. Since then, the price has fallen to $2.33 on January 13 but quickly recovered to somewhere above $2.45 during the trading day.
XRP 4-Hour Chart. Source: Cointelegraph/TradingView
XRP is currently the third largest cryptocurrency asset including stablecoins with a market cap of $141 billion.
XRP/BTC eyes close above 4-year resistance.
While XRP Bitcoin was late in the 2021 bull cycle, the altcoin established a strong stronghold in 2024/2025. With a weekly close above $2.50 last week, XRP/BTC saw its highest weekly close candle since October 2022 as shown on the chart.
XRP/BTC 1-Week Chart. Source: Cointelegraph/TradingView
Similarly, XRP's outperformance against BTC may overturn the 4-year weekly resistance level established in May 2021.
Overall, XRP's price action against BTC indicates that the market is paying more attention to the altcoin as the market moves towards an all-time high (ATH) of $3.40 in 2018.
As for New ATH, CRYPTOWZRD, a crypto trader,
“XRP has breached previous support resistance, now poised to rally towards $4.00 and then $8.00 on the higher timeframe.”
XRP Weekly Chart Analysis by CryptoWZRD. Source: X.com
The trader explained his prediction embryo with the help of a market fractal on the weekly chart of the altcoin, which is currently playing on the basis of XRP's bullish leg since 2017.
Similarly, technical analyst and crypto investor Titan of Crypto has set a similar target price for the altcoin at $4.32. The analyst pointed out that XRP's daily price action recently eclipsed the Death Cross by the Golden Cross, reinforcing the argument for XRP's bullishness.
Related: XRP, HBAR, BGB and XMR Flash Signals as Bitcoin Finds Direction
XRP suffered a major crash from Pennant.
On January 11, XRP immediately breached its resistance at $2.50 and as a result showed a significant breakout from the triangle/pennant pattern. Pennant, which has taken shape in 42 days or more than seven weeks, has a technical breakdown target of $3.50, which is 50% from $2.35, or the breakout point of the pattern.
XRP 1-Day Chart. Source: Cointelegraph/TradingView
However, the altcoin should close the daily candle above key resistance between $2.60 and $2.48 and flip the above range into support. The relative strength index (RSI) is currently strengthening above 50, indicating that bullish pressure is building for the altcoin on the long-term chart.
A daily close above $2.60 allows XRP to move faster above $2.72 and $2.90, due to sell-side liquidity above these levels.
RELATED: XRP Price Prep For ‘Strong Move' Above $2.90 As Sentiment Gauges Show Optimism
This article is not intended for general information purposes and should not be construed as legal or investment advice. The views, ideas and opinions expressed herein are solely those of the author and do not necessarily represent the views and opinions of Cointelegraph.
