An analyst stirred debate this week by claiming XRP is following a historical fractal pattern that could trigger a breakout next week, with a $40 price target achievable before the end of May.
The claim landed with immediate skepticism. XRP is currently trading around $1.37, meaning the $40 target would require a 2,800% rally in roughly six weeks. Critics have been vocal, pointing out the gap between the fractal theory and current market reality.
Setting aside the $40 debate, the technical picture analysts are working with is considerably more realistic.
On the weekly timeframe, XRP’s longer-term trend remains technically bearish. A full reversal out of the larger bearish structure has not yet been confirmed. That said, the token is finding consistent support around $1.30, a level that has held firm across multiple tests.
On the four-hour chart, the range to watch is $1.30 to $1.35 as support and $1.38 to $1.39 as the first resistance zone. A clean break above that opens the next resistance at $1.44 to $1.45.
In the immediate near term, with Bitcoin showing signs of short-term cooling after its recent run, XRP is expected to chop sideways rather than make a decisive move in either direction over the next day or so.
The honest picture is one of a token sitting on strong support with a cautiously bullish short-term setup and a longer-term trend that has not yet reversed. The $1.30 level is what matters most right now. Hold it and the near-term case builds. Lose it and the broader bearish structure reasserts.
The $40 target will keep circulating on social media. The $1.44 resistance level is what traders are actually watching.
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