XRP Set to Move to $4; Analyst Predicts Imminent Price Rise

The cryptocurrency XRP Is Ripple preparing a move towards an unprecedented $4 price? An analyst has highlighted a prediction of a potential impressive price rally for Ripple’s native token soon.

The cryptocurrency XRP presented significant growth this week, rising 30% in the past seven days amid massive whale activity. In an impressive bullish rally that began last month, XRP has hit considerable milestones, rising 344.3% in the past 30 days alone.

The price of XRP today 07/12/2024 is showing a significant recovery that has brought the asset back close to the $2,50 level. Yesterday, the price of XRP reached a low in the $2,28 zone before starting an upward movement that led to a peak at $2,48 on December 6. Since yesterday, XRP has been showing a significant upward movement, trading today with gains of almost 7%.

XRP to $4?

Looking at the current positive scenario, cryptocurrency analyst known as Mikybull Crypto expressed his optimism on the token, highlighting his prediction that XRP is preparing for the next upward movement in its price towards $4 after performing a breakout and retest.

“$XRP in preparation for next move to $4 after breakout and retest,” wrote the expert in a technical analysis shared on December 7.

If the price of XRP hits $4, the cryptocurrency will break its current all-time high. The highest price paid for XRP (XRP) is $3,40, which was recorded on January 7, 2018 (almost 7 years ago). At the time of publication, the price of XRP is trading at $2,47, up 6.3% in the last 24 hours. In comparison, the current price is 27,32% lower than the token’s all-time high.

It is worth noting that, in recent days, XRP has seen some drops in its price, with this movement being accompanied by whales who took the opportunity to include more tokens in their portfolios, buying more than 120 million XRP.