XRP Prepares to Break New ATH: Target $4.5 – $6.29

XRP is once again trending bullish, with new technical analysis indicating that this altcoin may be on track to reach a new all-time high (ATH). As the price approaches key resistance levels, analysts are calling for a potential price surge above $4. Along with this outlook, they have provided detailed trading guidance and identified the ideal timeframe for investors to consider taking profit. Master Ananda, a renowned analyst from TradingView, has reported that XRP is currently showing strong technical signs of a bullish breakout that could lead to a new all-time high above $4.5. Despite experiencing a prolonged bearish trend over the past few months, this cryptocurrency seems to be entering a new phase of robust growth that could push its price significantly higher than the previous ATH of around $3.84. XRP price is heading for a major ATH breakout above $4.5 Notably, TradingView analysts pointed out that the bottom of the recent correction formed on April 7, with the peak set on May 12. This was followed by a 24-day retracement ending on June 5, when XRP formed a higher low. Based on these price movements, Master Ananda noted that it has been about 27 days since XRP last witnessed a bullish price action, marking nearly a whole month of consolidation. However, the analyst emphasizes that the recent confirmation candle on June 8 supports the expectation that XRP is continuing its bullish trajectory. The analyst's chart illustrates a clear breakout from the descending trendline, followed by a shift to an ascending channel. This formation, combined with significant volume activity and a bullish price structure, signals a potential strong bullish rally for XRP.

The Fibonacci levels plotted on the chart suggest that XRP could reach the short-term target of $4.5 (1.618 Fob) after overcoming the above resistance levels of $2.71 and $3.019. The chart also shows the likelihood of XRP surpassing this initial $4.5 level to reach $6.29 (2,618 Fib) Notably, Master Ananda predicts that XRP could peak before most assets in this cycle, as its bullish momentum started early with a historic increase from $0.5 to just over $3 this year. The analyst also forecasts that when XRP reaches its peak, a significant correction may occur, potentially marking the end of the current bullish setup. Analyst reveals trading strategy and take profit zone In addition to the short-term price action, Master Ananda outlines a broader trading strategy focused on holding throughout the current growth phase. Instead of taking profit around the high prices of $2.71 and $3.02, the analyst recommends traders maintain their full position until XRP reaches the target of $4.5 and the take profit zone. This approach is designed to capture the maximum bullish potential of this bull cycle without diminishing profits through early exits. When XRP reaches this level, the analyst suggests taking partial profit—not to exit completely but to prepare capital for the possibility of redeployment in the next market pullback. Master Ananda also positions XRP as a leading indicator in the bullish altcoin market. A breakout above $4.5 could trigger explosive growth of low-cap cryptocurrencies. While XRP is expected to generate a gain of up to 50%, according to a TradingView analyst, these assets have the potential to yield a 150% return in just one day.