XRP Poised for a Breakout to $4?

XRP faces a pivotal moment as it retests the $3.42 level — a key zone previously marked by a “God Candle,” potentially confirming a bullish breakout or signaling an upcoming correction.

Xrp Breakout 4

XRP Moves Sideways, Awaits Breakout Signal

Currently, XRP is trading at $3.1845, down slightly by 0.18% over the past 24 hours. Price action remains in a tight range between $3.1564 and $3.2387, reflecting market indecision. Recently, XRP surged to a high of $3.4279, gaining over 7.64% in a short spike — a move dubbed a “God Candle” by trader CoinsKid.

This explosive candle hinted at a breakout from a multi-session consolidation zone, sparking renewed bullish speculation. However, a proper retest of $3.42 is needed to confirm this breakout as valid support.

On the 4-hour chart, exponential moving averages (EMAs) are tightly clustered near the current price: the 10 EMA sits at $3.1764, the 20 EMA at $3.1912, and the 55 EMA at $3.2137. Such convergence often signals impending volatility and directional follow-through.

Xrp Price Analysis
Xrp Price Analysis

Further strengthening the bullish bias, the 200 EMA lies far below at $2.8457, indicating XRP is still in a broader uptrend. The 100 EMA at $3.0961 also offers dynamic support, making the $3.00–$3.10 zone attractive for dip buyers.

Why the $3.42 Backtest Matters

According to CoinsKid, XRP must revisit and hold $3.42 as support to confirm a true breakout. If bulls can defend this level, it would reinforce confidence in further upside. On the other hand, failure to hold could result in a retracement toward the lower support band near $3.00–$3.10, supported by the 100 EMA.

During the God Candle spike, trading volume surged past 22 million XRP, reflecting strong buying pressure. Since then, volume has tapered off, suggesting the market is in a wait-and-see phase.

If XRP can reclaim and stay above $3.42, it could open the door to the next resistance zone between $3.70 and $4.00. However, if bulls lose momentum, a pullback could test key supports.

As market momentum builds, CoinsKid’s analysis underscores the importance of the current retest. Traders are now watching closely to see whether XRP confirms a continuation of the uptrend or signals a deeper correction ahead.

(4 votes)

4.0/5

(4 votes)

Latest

Binance.us Accused Of Political Favoritism After Listing Trump Family’s Usd1 Token

News | Editor Choice | Policy & Regulations

Binance.US Accused of Political Favoritism After Listing Trump Family’s USD1 Token

Binance.US is facing a wave of fierce criticism after listing the Trump family’s USD1 stablecoin, just a week after Donald Trump’s controversial pardon of Changpeng Zhao — a move many see as a “political favor” between the White House and the crypto world.

Spacex Moves $31 Million In Bitcoin, What Is Elon Musk Planning

News | Bitcoin | Editor Choice

SpaceX Moves $31 Million in Bitcoin, What Is Elon Musk Planning?

SpaceX’s sudden $31 million Bitcoin transfer within just one week has sent shockwaves through the market, sparking speculation that Elon Musk may be preparing for a mysterious strategic move.

21shares Files For Hype Etf, While Bitwise’s Solana Etf Records

News | Altcoin | Editor Choice

21Shares Files for HYPE ETF, While Bitwise’s Solana ETF Records

The crypto ETF market is heating up as 21Shares and Bitwise roll out new products, signaling Wall Street’s growing interest in altcoins.

Bitcoin Eyes A Hopeful November Amid Fed Division On December Rate Cut

News | Bitcoin | Editor Choice

Bitcoin Eyes a Hopeful November Amid Fed Division on December Rate Cut

Following the Federal Reserve’s widely expected rate cut, the crypto market has yet to show signs of recovery as internal divisions over a potential December easing weigh on sentiment, making Bitcoin’s short-term outlook more cautious than ever.

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

Screenshot 2025 10 20 091338