XRP News: A new opinion circulating on X claims that XRP could rise to $4 before November 30. XRP is currently trading around $1.39, which means it would need to increase by 188% in less than six weeks. This prediction is based on a comparison with 2024: back then, XRP traded around $0.50 for an entire month before breaking through to above $3.
In the past 24 hours, XRP has risen by about 4.5%, with buying pressure at lower levels pushing it back near $1.39.
The Reason for $4
Those who support a target of $4 believe that the current range of $1.28 to $1.33 is similar to the bottom formed by XRP in 2024. Both the 100-day and 200-day moving averages are close to $1.28, so they regard this as a support level.
The paths they provided are divided into several stages:
- $1.60 to $1.73: The main resistance that needs to be broken through to confirm bullish momentum
- $2.19, $2.56, and $2.93: The Fibonacci levels that need to be cleared next
- $3.46, and then $3.66: the latter is the historical high of XRP.
- $4.14: A Fibonacci extension level close to the $4 target
In the shorter-term view, once it reaches $1.42, $1.52 will come into sight.
The upper edge of seven tests
However, XRP has been tested in the range of $1.27 to $1.55 seven times. This week, it rebounded from the bottom of $1.27 again.
According to this view, the subsequent path is:
- $1.27, then $1.40, $1.48, and $1.55.
- If XRP breaks through $1.55 under heavy trading volume and holds that level, $1.70 and $1.88 will come into view.
The same point also reminds us that the level of repeated testing may weaken, so a price of $1.55 during the eighth test does not necessarily guarantee a breakthrough.
Can retail interest drive XRP?
Some market observers are not focused on charts, but rather on the attention of retail investors. The new @XRP account on X, as well as the XRP.org website, may bring in new buying orders. XRP, with its image as an “ordinary user chain,” is seen as a potential advantage, as marketing aimed at ordinary users could generate demand.
They mentioned that when the meme currency platform on XRP Ledger went live, the trading price of XRP was around 0.52 US dollars. In the following weeks, it rose to about 2.80 US dollars. As the platform developed, so did the activity on the chain. It is still unclear whether it was the meme currency that drove the rise of XRP, or whether the increase in XRP attracted traders into the meme currency market; moreover, the timing overlap could simply be a coincidence. According to data from XRPScan, XRPL activity has recently risen again.
XRP What is needed to reach $4?
To get XRP to reach $4, it needs:
- Breakthrough above the $1.55 level that has been tested seven times
- Clear the resistance range of $1.60 to $1.73
- Break through the historical high of $3.66 before November 30
The rebound in 2024 indicates that significant fluctuations are possible, but the rise from $0.50 also involved several weeks of accumulation. As of now, XRP is still trading in the lower half of the range.
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