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Crypto XRP Rebounds And Rekindles Hope For A Return To 4 Dollars

17h05 ▪ 4 min read ▪ by Luc Jose A.
Getting informed Altcoins

While the crypto market wavers in uncertainty, XRP defies expectations. Bouncing back after a drop below $3, the asset reactivates projections toward $4. This sudden surge, against a backdrop of massive liquidations, places XRP back at the center of the speculative game. The $4 threshold, forgotten since 2018, becomes a credible target again for bullish investors, in an environment where few assets manage to reverse the trend with such strength.

Crypto XRP on a financial trampoline.

In Brief

  • XRP records a notable rebound to $3.214 after falling to $2.96, drawing market attention once again.
  • The previous decline was intensified by over $105 million in long liquidations amid a widespread crypto pullback.
  • This reversal is supported by solid technical support and reignites speculation of a potential return to $4 or even $4.50.
  • A break above $3.66 would be necessary to validate a bullish scenario, while a fall below $2.96 could lead to a correction toward $2.60.

A Technical Rebound and Key Levels: XRP Surprises Observers

After three consecutive sessions of decline, XRP hit a low of $2.96 before bouncing back strongly to an intraday high of $3.214 this Saturday. This movement marks a clear break with the downward trend started a few days earlier.

Such a bullish reaction could be a strategic buying signal. The rebound above $3.20 implies that bullish investors are defending aggressively. This reversal occurs in a volatile climate as markets digest a broad correction in the crypto sector.

This rebound fits into a series of specific technical and structural events, notably:

  • A weekly drop of 6.56% for XRP, intensified by panic moves in secondary markets;
  • A liquidation of more than $105 million in long XRP positions, constituting the second-largest altcoin liquidation wave during the overall $735 million crash;
  • The formation of solid support around $2.96, a level that buyers defended vigorously;
  • A resistance zone identified at $3.66, above which analysts believe a breakthrough could open the way to $4 and then $4.50.

This technical setup indicates that XRP could be on the verge of a reversal, provided the current bullish momentum is maintained. However, the risk of failure below $3.66 is real, in which case sellers could regain control, with a potential target back toward $2.60.

A Return of Speculative Interest and a Global Context to Watch

Beyond technical aspects, there is also a general market stir that could explain XRP’s renewed strength. The asset regains investor interest as a wave of optimism around ETFs sweeps the market. Indeed, it is clear that overall sentiment benefits from the momentum surrounding crypto-backed financial instruments, including crypto ETFs, and XRP could indirectly benefit from this.

This dynamic is all the more notable as it occurs in a context of loss of momentum for many other altcoins, often caught in the wake of Bitcoin’s turbulence. However, XRP seems to show relative resilience, supported by a core group of investors and renewed hopes for appreciation.

Thus, the next target remains a move above $3.66, a threshold that would open the way to the famous $4, or even $4.50. Failure to maintain the current momentum could lead to a deeper correction toward $2.60. These technical levels act here as catalysts for sentiment.

In the medium term, XRP’s move toward $4 or $4.50 will depend as much on fundamentals as on market psychology. If the current push is supported by credible volumes and restored confidence, the bullish scenario could confirm. Conversely, a loss of support at $2.96 would rekindle selling pressure. For now, XRP remains in a pivotal zone, oscillating between speculative hope and structural fragility, and only confirmation above major resistances will decide the true nature of this rebound.

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Luc Jose A. avatar
Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.