XRP Price Could Rally to a New All-Time High (ATH) of $4 in April

Crypto analyst Prophecy Trading has alluded to the XRP price chart which he noted is showing a wave 4 corrective structure that could lead to a new all-time high (ATH)

Crypto analyst Prophecy Trading has alluded to the XRP price chart which he noted is showing a wave 4 corrective structure that could lead to a new all-time high (ATH) in April. XRP is expected to witness one last price correction before it rallies to a new ATH of $4.

XRP price is expected to experience one last correction before it rallies to a new all-time high (ATH) of $4, according to crypto analyst Prophecy Trading.

As seen in the analyst’s recent post on TradingView, he noted that XRP is one of the crypto assets currently showing a corrective structure. However, he remarked that the token is still showing strength despite this structure, and its current patterns align with historical market cycles.

Specifically, the analyst noted that these patterns resemble the price action from September 2017, a final wave 5 rally. The analyst’s accompanying chart showed that the altcoin could rally to a new ATH of $3.5 next month.

The crypto analyst noted that the XRP price’s correction phase now mirrors its 2017 structure, aligning with the moment before its parabolic move. He also alluded to the stock market correlation, noting that the broader macro trends, including the mega-cap stock movements, also support the prediction of one last rally before the cycle concludes for XRP and other assets.

Prophecy Trading affirmed that if historical patterns hold, a wave 5 blow-off top could occur for the token. If that happens, he remarked that there would be a broad market rally leading to a final euphoric push.

The crypto analyst went on to add that there is a bullish divergence forming on the RSI for XRP, which means momentum may be shifting even though the price has not reacted yet.

According to CasiTrades, sellers are now exhausted in the XRP market and she believes buyers may soon step in.

The asset’s price is currently holding strong at the 0.618 golden retracement at $2.36. This area is pivotal for support and could mark the wave 4 bottom in her subwave Elliot Wave count. If that is the case, then the next wave up would target higher highs, with the resistance at $2.70.

Key levels to watch are $2.36, which is the current support; $2.70, which is the local resistance to flip; $3.05 and $3.40, which are the macro continuation targets; and $3.80, which is the all-time high test.

The larger bullish structure remains valid, and a breakout could soon occur.