XRP Set to Break $4.5 with Target Up to $6.29, Technical Analysis Suggests

According to a technical analysis by Master Ananda, XRP is demonstrating strong bullish signals that could propel it to surpass its previous all-time highs and possibly reach levels above $4.5 and even $6.29. The chart patterns indicate a breakout from a descending trendline into an ascending channel, supported by increased volume and bullish candlestick formations. Fibonacci retracement levels imply that $4.5 represents a near-term target with further upside potential, and this rally might occur earlier than other assets in the current cycle. The trading strategy recommends maintaining the position through the rise to maximize gains, with partial profit-taking at the target zone to prepare for possible retraces. Given the current technical momentum and forecasts, XRP appears poised for substantial upward movement, offering opportunities for significant profits, but traders should remain cautious of the potential correction after reaching the predicted peak.