Ripple (XRP) Poised for a Big Move After Bullish Breakout: Will It Hit $4 Soon?

• Breaking out of a bullish flag, XRP eyes $3.70 with analysts predicting a move toward $4 if momentum sustains.
• Currently trading at $3.11, XRP is up 25% this week after surpassing $3 for the first time since 2018, boosting market confidence.
• Surging 566% since November, XRP’s $179B market cap strengthens its position as the third-largest cryptocurrency heading into 2025.

Ripple (XRP) has emerged from a bullish flag, which implies that a big movement up may be imminent. Ali Martinez pointed out this breakout in the recent X post, suggesting that the cryptocurrency may rise as high as $3.70 in the near future. This technical configuration is in line with XRP’s high momentum as it keeps on attracting the attention of the crypto market.

XRP Key Levels

At the time of writing, XRP is trading at $3.11; it has displayed strong volatility after reaching $3.40. This was the first time that cryptocurrency had crossed the $3 level since 2018, which speaks to the money being made in this coin. While it has pulled back some from its recent high, the cryptocurrency is still 0.20% higher in the last 24 hours and 25.12% higher for the week. The breakout also gives more confidence to the investors in the search for continued momentum towards the higher resistance levels.

Source: TradingView

The bullish flag breakout has set the stage for XRP to retest $3.70, a 17.44% rise from the flag’s breakout point. If the price of token goes beyond this level, analysts say the cryptocurrency could hit $4, which is an important psychological level. On the downside, the $2.91 level is still pivotal support with a breakdown of this level putting the current up trend at risk of being the target of a reversal.

XRP Poised for Historic Gains

The current price trend of XRP is sustained by its substantial rise in the fourth quarter of 2024. Since the beginning of November, the cryptocurrency has increased by more than 566% with the market capitalization which has also doubled. Ripple’s token is now the third largest crypto with a market capitalization of $179.49 billion. There is a surge in the investment as more and more investors are coming into the market especially as token is positioning itself well in the digital asset market.

The market is still to concentrate on the capacity of coin to continue with the current trend of the market. A move above $3.40 could allow the cryptocurrency to reach its $3.70 goal. While the broader crypto market has been on an upward trend, and given the technical outlook of cryptocurrency, 2025 may be the year of change for the asset. Traders will be keenly watching out for Ripple token as it tries to sustain its latest bounce and move higher towards new highs.