XRP Eyes $4.50 as Bullish Channel Holds and Buyers Defend Key Support

XRP holds key support at $2.35 with bullish targets set at $2.55, $3.33, and $4.50.

Analysts highlight ascending channel support at $1.97, pointing to $4.50 as the upper target.

$10M in liquidations clears leverage, setting stage for XRP rally if $2.48 support holds.

XRP is showing early signs of recovery following a corrective phase that brought it down to key support levels. The price recently bounced off the ascending trendline, offering what analysts are calling a textbook retest. As technical patterns remain intact, the next projected move targets the $4.50 zone.

Technical Rebound and Pattern Setup

According to analysis prepared by Dark Defender on X, XRP has completed wave A of a corrective move on the 4-hour chart. The asset found support around $2.35, and it is now moving higher in what could be the start of wave B. The chart pattern remains bullish, with the next targets at $2.55 and $3.33.

Source :Dark Defender(X)

Further chart observations from analyst ParabolicP indicate that XRP is still trading within a broad ascending channel that began forming in November 2024. The price action has respected the lower trendline, which aligns near the $1.97 level, acting as the main buy zone in recent months. The upper boundary of the channel points toward the $4.50 area.

XRP remains above the 50-day, 100-day, and 200-day exponential moving averages, signaling continued bullish structure. Support levels are noted at $2.35 and $2.22, while resistance sits near $2.58 and $2.69. A move above $2.69 may open the path to $3.00 and beyond, as noted by analyst CasiTrades.

Market Sentiment and Key Price Levels

At press time, XRP is trading near $2.47 after a brief pullback from $2.65. According to CoinGlass, over $10 million in liquidations occurred in the past 24 hours, with most being long positions

This reset may now give room for a more stable rally if bulls hold above $2.48 support. Crypto analyst Egrag Crypto added that a break above the $2.65 level could unlock a larger move

Source :Egrag Crypto(X)

His chart points to a possible breakout towards $3.60 if trendline support at $2.40 holds. With network growth slowing, traders are watching price levels closely as the structure builds for a possible continuation higher.

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