XRP, the native token of the Ripple network, has recently captured attention with its volatile but promising price action. Despite some short-term setbacks, market analysts remain optimistic, suggesting that XRP could be gearing up for a significant rally if current trends continue. With a bullish chart pattern in play and strong investor sentiment building, the road ahead for XRP may lead to much higher levels — potentially even reaching $4 in the coming months.

Over the past few weeks, XRP has experienced a series of ups and downs, struggling to break past key resistance zones while managing to maintain crucial support. Most recently, XRP attempted to push through a stiff resistance range between $2.55 and $2.62. However, the price was once again rejected at this level — a pattern that has repeated several times throughout this cycle. This resistance zone has proven difficult for bulls to conquer, not just for XRP but for many altcoins facing similar barriers during this consolidation phase.

Despite the rejection, XRP hasn’t lost its bullish momentum. The price has only seen a slight pullback, and more importantly, it is still holding above the support zone between $2.30 and $2.34. This area previously acted as resistance and now appears to be flipping into a strong support region. As long as XRP stays above this level, the overall structure of the uptrend remains intact.

From a technical standpoint, XRP continues to form a classic pattern of higher highs and higher lows on the daily timeframe. This is a textbook indicator of a bullish trend and suggests that the current consolidation may be a pause before the next leg up. If, however, XRP dips below $2.30, the next critical support zone lies between $2.10 and $2.15. A drop below that range could lead to a deeper short-term correction and delay the bullish breakout.

Currently, XRP’s price action is also being shaped by a bearish divergence that developed recently. This divergence led to a modest pullback and has resulted in a period of sideways movement. This kind of consolidation is typical in the crypto market and is often seen as the “calm before the storm,” especially when Bitcoin, the market leader, is trading within a steady range. XRP’s next big move may closely follow Bitcoin’s direction, as is often the case in altcoin markets.

Adding to the bullish case for XRP is the ongoing Elliott Wave analysis. According to this widely-used theory, markets move in repetitive five-wave patterns during bullish cycles. XRP appears to be in its fifth and final wave to the upside, which began after it bottomed out in July of the previous year. If the wave structure plays out as expected, XRP could be targeting new highs, with long-term projections suggesting price levels of $4.20, $5.00, or even $5.65 before the current cycle concludes.

In terms of long-term support and resistance levels, XRP is trading within a well-defined range. Strong resistance sits around the $3.30 mark, a level that could act as a barrier if the price surges too quickly. On the downside, a significant support level exists at $1.21. As long as XRP stays above this level, analysts believe the broader bullish setup remains valid. A break below it, however, could invalidate the current bullish structure and force a reevaluation of future price expectations.

In the immediate term, XRP has completed what appears to be a five-wave structure on the smaller timeframe. This means that, according to Elliott Wave principles, a three-wave corrective move is likely to follow. The expected correction could bring XRP back down toward the $2.60 to $1.79 range. This retracement would be seen as a healthy cooldown rather than a bearish reversal — provided the price stays above the $1.79 level, which marks a key floor in the current trend.

In conclusion, while XRP faces some short-term resistance and consolidation, the broader picture remains favorable. A continuation of the bullish pattern, supported by strong technical structures and growing investor confidence, could push XRP toward the $4 mark — and possibly even higher — in the months ahead. As always, traders should watch key support and resistance levels closely, but the momentum is clearly leaning in favor of the bulls for now.