In a detailed XRP price analysis on the TradingView platform, crypto analyst AlanSantana has identified a price target of around $4.68, even as XRP has extended its decline towards the $2 mark. This interesting prediction is based on resistance and support levels in the XRP price chart, which are more reliable for technical analysis. 

According to AlanSantana, the moment of decision (the point of no return) will signal the onset of a bullish trend for XRP, paving the way for its ascent to new all-time highs.

The Roadmap to $4.68: Market Confirmation Is Key

The XRP price trajectory in the past seven days has been filled with a consistent decline. According to data sourced from CoinMarketCap, XRP’s valuation has dropped approximately 10% in the last seven days alone. This downward trend has persisted into the past 24 hours, with the token experiencing an additional dip of around 1.5%. As it stands, XRP is close to breaking below the critical $2 support level, a move that could signal further bearish momentum.

According to analyst AlanSantana, this ongoing retrace/correction/consolidation period can last for as long as it wants, and there is no way to determine when it will be over. Therefore, the crypto analyst’s strategy for XRP is monitoring market behavior for confirmation of a bullish breakout. He stresses the need to avoid speculation about exact dates and instead wait for tangible evidence from the market itself. 

With this in mind, the XRP daily candlestick timeframe chart that accompanied his analysis was highlighted by different support and resistance levels, with the highest being the $3 price level. The closest resistance level highlighted is around $2.36, which has served as a hindrance for XRP since December 17. In terms of support, the analyst highlighted supports

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Author: Scott Matherson