XRP Pullback Sparks Dip Buying Opportunity – Forecast Targets $4.00 on Momentum Return
XRP’s latest pullback has opened the door for dip buyers looking to capitalize on renewed momentum. After a month of strong gains, this temporary correction may be setting the stage for another major leg up—potentially targeting the $4.00 level and beyond. In this article, we dive into XRP’s current technical landscape and highlight other coins that could follow a similar growth trajectory as investor sentiment begins to rebound.
XRP Prepares for Next Leg Up as Bullish Energy Builds
Ripple’s XRP is showing renewed strength, currently trading in the range of $2.95 to $3.81, following a sustained period of upside momentum. Over the last month, the token has delivered an impressive 64% surge, signaling strong interest from buyers and reinforcing its position as a key altcoin to watch. Despite this rally, the Relative Strength Index (RSI) remains relatively low, suggesting that XRP may still be undervalued and has room to run before hitting overbought territory.
The next major test lies at the $4.16 resistance level. A successful breakout above this barrier could open the door to a push toward $5.02—representing a potential upside of around 30% from current highs. Holding support above $2.95 is crucial for maintaining the bullish structure, while a drop below the $2.45 level could trigger a reassessment of the recent rally.
With rising volume and technicals pointing to continued interest, XRP appears to be positioning itself for another wave of upward movement, especially if overall market sentiment continues to favor risk-on assets.
Conclusion
With XRP holding firm above key support and showing signs of renewed buying interest, the path to $4.00 looks increasingly realistic. Momentum indicators and recent price action suggest the dip may be short-lived, offering a potential entry point for traders. As bullish momentum returns, XRP and similar altcoins could lead the next wave of crypto market gains, making this a crucial time to watch for breakout setups across the board.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Investment Disclaimer
