Ripple’s XRP has shown a bullish breakout from a key technical pattern, signaling a potential price rally above $4. Prominent analyst AMCrypto shared insights on X (formerly Twitter) that significant accumulation is underway for XRP, setting the stage for the next leg up. The tweet emphasizes that XRP has historically experienced strong upward movements in Q4 of 2024, and a similar trend may be developing.
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XRP Price Chart Analysis: Rounded Bottom Pattern Signals Accumulation
The chart illustrates a rounded bottom formation, a pattern commonly associated with accumulation phases. This structure represents a prolonged period where sellers lose momentum, allowing buyers to prepare for a price breakout.
A yellow dashed line indicates the resistance zone that XRP’s price struggled to breach but has now surpassed, suggesting increased bullish sentiment. The breakout candle, marked by a large green candlestick, signifies strong buying pressure, confirming the start of an upward trend.
XRP Support Levels and Retest Zones
The lower boundary of the rounded bottom pattern has established a critical support range of around $2.80 to $3.00. This zone is likely to act as a safety net for prices during any potential pullbacks.
Analysts often look for a retest of the breakout level—near $3.20 to $3.30—to validate the new support zone before further upward movement. A successful retest would confirm the continuation of XRP’s price bullish trajectory.
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Furthermore, AMCrypto highlighted XRP’s history of strong rallies in Q4 of 2024, adding that the next leg up could push the price beyond $4. The claim aligns with the measured move concept, where the breakout projection from the rounded bottom pattern supports a $4 target.
This technical and sentiment-based outlook reflects an optimistic stance on XRP’s price movements. As momentum builds, market participants will likely monitor key support levels and trading volumes to confirm the strength of this trend.
Bullish Momentum and Price Targets For XRP Price
XRP’s breakout from the rounded bottom pattern positions it for potential gains in the coming weeks. The target price of $4 aligns with psychological levels and historical resistance, offering a compelling outlook for traders and investors.
The combination of technical signals and increased accumulation, as noted by AMCrypto, suggests that the price of XRP is gearing up for an exciting rally, provided broader market conditions remain favorable.
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