Harry Harald, a widely followed web developer in the XRP community, has expressed confidence that XRP is preparing for its next move higher.
Having been away from the XRP circle for several months, his return with a bullish statement is sparking speculation that $4 could be the next target for XRP.
Notably, XRP started the week on a bearish note, dipping to $2.77 before slightly recovering to $2.82 at press time. It had traded in the $3 region yesterday before the bears drove prices lower.
Currently, XRP is changing hands at an over 5% discount on the daily chart, with minimal signs of recovery. The coin has been consolidating around the $3 level for several weeks. It first got stuck at this level in July and has been unable to break out since.
Having remained below its swing high of $3.66 for two months, during which it dropped by 25%, market watchers believe a move to higher levels is now due.
XRP Set for $4?
Harald tweeted about this over the weekend in his first XRP post since May. His statement attracted significant attention from XRP proponents.
Alex Cobb, a widely followed influencer in the XRP community, remarked that when Harald speaks, he listens, and suggested that $4 is the next stop for XRP on a rebound.
From its current price of $2.81, XRP would need to surge 42.34% to hit $4, which would mark an all-time high for the coin. XRP has been trading under $3.84 since 2018.
Historically Accurate TD Sequential Says It’s Time to Buy XRP
Meanwhile, other market analysts also believe XRP is set for a rebound. In a tweet, Ali Martinez pointed out that XRP’s 4-hour chart has triggered a TD Sequential buy signal. This typically indicates the end of a downtrend after nine consecutive lower closes. Martinez called XRP a “buy,” suggesting a rebound is likely.
Supporting Martinez’s observation, XRP advocate Bill Morgan highlighted the strong historical accuracy of the TD Sequential indicator, citing data from Grok AI.
According to Grok, the indicator has been reliable on higher timeframes, with 60–70% accuracy in historical backtests. Notably, three out of four 2-week buy signals since 2022 have led to major rallies.
Not the Time to Be Bearish on XRP
Separately, trader Unipcs noted that XRP has broken a major downtrend after bottoming at $2.69 on September 1. While he does not hold XRP himself, he sees strong upside potential if market conditions remain stable. “It’s hard to be bearish on XRP,” Unipcs said.
Analyst Gonzo also shared this sentiment, highlighting XRP’s breakout and retest of key levels. XRP is currently holding above the 50% Fibonacci retracement and the 50-day moving average, both considered bullish signals.
Beyond technicals, many investors are increasingly bullish on XRP due to strong fundamentals—most notably the potential for an XRP ETF.
With SEC approval possibly coming next month, some believe “billions” could enter the XRP market, driving the price significantly higher.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
