XRP News Today: XRP Signals Potential Rally Towards $4.10 All-Time High

XRP, the cryptocurrency associated with Ripple, has shown significant technical indicators suggesting a potential rally. Despite not yet breaking above the $2.20 resistance level, technical analysis points to a possible surge towards a new all-time high near $4.10. This optimism is bolstered by multiple bullish signals identified by a well-known crypto analyst across various timeframes, indicating a potential massive breakout.

The analyst has highlighted three key bullish signals for XRP. These signals, observed across different timeframes, suggest that the cryptocurrency is poised for a significant upward movement. The first signal is a bullish pattern that has historically preceded substantial price increases. The second signal is a strong support level that has held firm, indicating that any dips are likely to be short-lived. The third signal is a convergence of moving averages, which often precedes a breakout to the upside.

XRP has recently broken out of a long-standing price range between $0.12 and $1.97, a range it had been trapped in since 2018. This breakout, which occurred in November 2024, marked a notable shift in market sentiment and has since held firm, with the token currently trading above a key support zone between $1.60 and $1.97. As long as XRP remains above this support, the asset is considered to be in bullish territory, with room for further upside.

Despite the overhang, the longer-term outlook remains positive. A price target of $4.10 has been projected based on historical resistance levels and market structure. Achieving this milestone could unlock further price discovery, especially if investor sentiment improves and legal clarity is achieved. Adding to the bullish sentiment, pseudonymous crypto analyst Captain Faibik shared a similar outlook in a June 29 post on X. He suggested that XRP could realistically climb to $4 in the mid-term, citing strong accumulation activity ahead of a potentially explosive rally in Q3.

His analysis revealed a symmetrical triangle formation on the daily chart, often a precursor to major breakouts following extended consolidation periods. According to Captain Faibik, XRP is nearing the apex of this pattern, which is typically a sign of impending high volatility and directional movement. The chart shows tightening price action between ascending support and descending resistance, with building momentum and a mid-term target of $4.60.

The potential rally in XRP is not just about breaking resistance levels; it is about the underlying strength of the cryptocurrency. The bullish signals observed across multiple timeframes indicate that the upward momentum is building, and any resistance levels are likely to be overcome. This analysis is based on the actual price movements and technical indicators, providing a solid foundation for the bullish outlook.

In summary, XRP is flashing major buy signals as key technical patterns point to a potential rally towards a new all-time high near $4.10. The bullish signals observed across multiple timeframes suggest that the cryptocurrency is poised for a significant upward movement, making it an attractive investment opportunity for those looking to capitalize on the potential rally. However, ongoing legal uncertainty between Ripple and the Securities and Exchange Commission (SEC) could limit price momentum. Following recent setbacks in the case, Ripple leadership has expressed a commitment to resolving the legal battle “once and for all.”