Analysts: XRP Breakout to $4.40 Just a Matter of Time

Ripple’s XRP token is once again attracting attention thanks to impressive price movements. Despite a recent correction, analysts remain bullish and foresee a possible rise to $4.40.

Bull pennants indicate new breakthrough

XRP has recently formed three consecutive bull pennants, continuation patterns that often indicate further price increases. The first pennant pattern emerged after a rally from $0.80 to $1.20, followed by a short consolidation and a new breakout.

Then the second pennant formed after a similar rise from $1.20 to $1.80. The most recent pennant appeared after a price move from $1.80 to $2.50.

These consecutive patterns indicate that the uptrend remains strong.

Technical indicators remain positive

In addition to the bull pennies, other technical signals point to a strong market for XRP. The price remains above the 20-day moving average of the Bollinger Bands, which usually indicates continued buying pressure.

The Relative Strength Index (RSI) also shows strong upward force with a value of 67.33. Although the RSI is close to the overbought level, this does not immediately indicate a reversal as long as the buying pressure continues.

Comparison with Tesla

Market analyst EGRAG Crypto draws a parallel between XRP and Tesla’s impressive past recovery. He predicts that XRP could follow a similar trajectory, starting with a possible 50% drop to $1.30. After this, he expects a spectacular rally of 3,500%, which could take the price to $45.60 in 2027.

This analysis is inspired by Tesla’s price movements between 2018 and 2021. During that period, the value of Tesla shares fell from $25 to $11.80, before rising to $414.50—growth of over 3,400%. While EGRAG foresees a similar recovery for XRP, he emphasizes that the timing and scale of such moves always remain uncertain.

Conclusion

XRP faces an exciting period where technical signals and ambitious forecasts point to significant opportunities. According to many analysts, a breakout to $4.40 seems only a matter of time, while some have even more ambitious goals in mind for the coming years.

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