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Analyst says volume and momentum will determine XRP price’s push beyond key resistance levels.
XRP Price Tests Key Resistance as Analysts Eye $4 Target
XRP may be preparing for a major breakout, with several analysts pointing to a $4 target.
The token continues to trade just below a descending trendline, acting as strong overhead resistance.
TradingView analyst ‘ONE1iMPACT’ believes a move above this trendline could ignite a rally toward a new all-time high.
His analysis places the immediate target at $4, provided XRP reclaims the trendline with conviction.
“Volume must confirm any breakout,” ONE1iMPACT wrote. “Otherwise, we risk a fakeout and trap scenario.”
He emphasized that volume must exceed the average, or the breakout could fail.
Volume and Momentum Key to XRP’s Next Move
XRP price continues to coil within a symmetrical triangle pattern on the daily chart, with traders closely watching for a breakout.
As of March 23, the token’s market cap stands at $141.45 Billion, with price action narrowing between converging support and resistance trendlines.
The Relative Strength Index (RSI) reads 51.75—neutral territory, suggesting neither buyers nor sellers dominate.
The Accumulation/Distribution line holds steady around 546.21 billion, indicating a balanced inflow and outflow of capital.
Analyst ONE1iMPACT argues that price must break above the triangle’s upper boundary to unlock a path toward $3.40 and potentially $4.
He warned that a breakout without rising volume risks being a fakeout.
“A decisive candle above the trendline, with above-average volume, confirms bullish strength,” he said.
Conversely, failure to break above could lead to renewed downside. The $2.0–$2.1 range remains the nearest support zone.
A breakdown below that may trigger a drop to $1.77, with liquidity gaps making those levels vulnerable.
The symmetrical triangle now acts as a volatility compression zone. Traders remain on edge, awaiting confirmation from momentum indicators and volume spikes to validate XRP’s next directional move.
Analysts Split Over XRP Price Trajectory
Social media sentiment remains split. DaCryptoGeneral, a crypto trader on X, said XRP remains “at the top of my watchlist.”
He added that his personal price target stands at $9 post-breakout.
Another analyst, JavonTM1, placed a long-term target as high as $16.50, citing Fibonacci extensions.
“A full similar performance to the last bull cycle could result in a more than $100 XRP,” he added.
CryptoPatel, also on X, shared a different outlook. He identified three key liquidity gaps, starting with $1.71 to $1.54.
He argued that XRP could revisit lower zones before any sustainable move higher, citing Fibonacci retracement levels as confirmation.
“These gaps align with high liquidity zones,” he wrote. “If we revisit them, it could offer ideal entries for swing traders.”
Fundamental Support Remains Strong, According to Traders
In parallel, XRP continues to attract institutional attention. A recent post by Brett_Crypto_X highlighted growing banking adoption.
“Banks like UniCredit, Westpac & RBC join Ripple—XRP replacing SWIFT’s outdated system,” he said.
Still, none of the price forecasts are guaranteed. Analysts stressed the importance of tracking key indicators like RSI and MACD to confirm momentum.
ONE1iMPACT urged traders to remain cautious. “Watch the volume. High volume confirms strength. Low volume means it could reverse fast.”
With price consolidating under resistance and analysts split, XRP remains one of the most closely watched assets in the market.
