XRP Price Chatter Heats Up After Developer’s $4

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XRP Price Chatter Heats Up After Developer’s $4 | Crypto News


According to posts and market watchers, a return by a well-known developer has reignited speak that XRP may transfer greater.

Harry Harald — a web developer adopted intently inside the XRP group — posted about XRP over the weekend in his first message since May.

The post prompted fast response from other big voices, and some in the space now say a transfer to $4 is feasible. XRP opened the week decrease, slipping to $2.77 before recovering to about $2.82 at press time. It had been trading around $3 yesterday before sellers pushed costs down.

Community Voices Drive Momentum

Alex Cobb and other influencers amplified Harald’s comment, which helped spark recent optimism among merchants. Based on social posts, Cobb instructed that $4 may very well be the next stop on a rebound.

From the current quote of $2.86, that would imply roughly a 42% rise, a gain that would push XRP above its long-held ceiling. That ceiling has been more than symbolic: XRP has not traded above $3.80 since 2018.

Technical Indicators Point To Recovery

Several chart analysts have flagged alerts that they are saying back the bullish case. Ali Martinez reported a TD Sequential buy on the four-hour chart, an indicator some merchants use to time entries after a string of decrease closes.

Supporters level to historic backtests displaying about 60–70% accuracy on greater timeframes, and that three out of 4 two-week buy alerts since 2022 had been adopted by major rallies.

Traders also word that XRP has damaged a downtrend after bottoming at $2.65 on September 1, and that it’s holding above the 50% Fibonacci retracement and the 50-day shifting average — both seen as bullish by many.

Price Action And Key Levels

XRP has been caught close to $3 for weeks, first stalling in July and failing to get away since. The token stays below a swing high of $3.65 established two months in the past, a drop of about 25% from that peak.

Legal And ETF Narratives Influence Sentiment

Beyond charts, legal and regulatory developments are feeding the story. Reports have disclosed that Ripple initially put a $125 million nice into escrow after Judge Torres issued her closing judgment.

The SEC agreed earlier this yr to cut back the penalty to $50 million in a settlement, but the choose rejected requests to cut the unique $125 million order.

Both events later withdrew appeals in the US Second Circuit in August, and the precise standing of the escrowed funds has not been widely explained.

Meanwhile, hypothesis that SEC approval for an XRP ETF may come next month has added another layer of bullish expectation, with some supporters saying billions may stream in if an ETF wins the regulator’s nod.

Featured image from Unlock Media, chart from TradingView



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