After XRP has stayed around the $3 mark for a few weeks, many analysts now believe further progress to the next psychological level is imminent.

XRP reclaimed the $3 price level nearly two weeks ago, reentering this lofty price range after seven years. However, the momentum that pushed it into this region stalled once it hit $3.38 on January 16. Since then, the price has dipped by 20%, revisiting the $2 range multiple times.

Meanwhile, as the broader markets recover, XRP has re-established its presence in the $3 price channel, and analysts are predicting an imminent run to new price levels. Interestingly, some have even projected specific timelines for XRP to hit $4.

Timeline for XRP to Reach $4

According to Velo Maxi, a widely followed analyst in the XRP community, the XRP Army just needs to be patient for another seven days before XRP breaks past $4. He shared a chart showing the ongoing formation of a bullish pennant.

Notably, an earlier formation saw the breakout to the $3 price. He believes the current consolidation phase will conclude in a week, followed by another move toward $4. Per his estimation, this price target could become a reality by next Wednesday, specifically February 5.

Other Analysts’ Views on XRP Journey to $4

However, other market commentators like Crypto Whistler argue that the XRP community may have to wait longer to see $4. Specifically, this analyst suggests that $4 might emerge by April if all goes well.

Meanwhile, others like Javon Marks, who also predict a $4 price range, haven’t provided a specific timeline. However, Marks strongly believes XRP will rally to $4.80, and it’s “only a matter of time” before that happens.

Furthermore, market watcher Fabio Zuccara has weighed in on the $4 potential, providing a detailed analysis of why XRP could reach that level soon.

He pointed out that XRP has consistently been making higher highs and lows, breaking key resistance levels on the USDT and BTC charts.

Zuccara also highlighted an ascending channel on XRP’s one-day chart, which reflects a consistent uptrend.

Accordingly, he suggests a breakout to the upside is imminent and could trigger a powerful rally, potentially pushing XRP above the $4 mark.

Technical Pattern Supporting XRP Major Move

In a separate analysis, using the Bollinger Bands, analyst Ali Martinez confirmed imminent price action for XRP. He observed a BB squeeze on the 12-hour chart.

With the narrowing of the Bollinger Bands, traders are anticipating a major price move. A breach above the upper band could push XRP toward an all-time high, while a drop below the lower band might lead to a deeper retracement.

Martinez has taken a long position in XRP, targeting a price of $10, and encourages a long-term perspective despite short-term fluctuations.