XRP Price Prediction: Mid-term target $4.5, key focus on $3.1 support line

XRP has surged nearly 30% in four days, strongly breaking through the historical high of $3.4 set in January 2018, officially entering the price discovery phase. On-chain data shows that the current RSI has reached 89.8 with no pullback signals yet, and the OBV indicator continues to rise, confirming real demand support. The technical analysis confirms two major bullish structures: the breakout of the weekly resistance level at $2.6 in early July and this week's breakthrough of the 2025 previous high forming a double structure breakout. The Fibonacci extension levels point to $3.82 (recent target) and $4.5 (mid-term target), with a rise potential of 32%.

Historic Breakthrough: Trading Volume Soars, Breaking the $3.4 Resistance Level, RSI Overbought but Unfazed by Pullback

On July 16, the bulls tested the psychological barrier of $3, which has now evolved into an epic breakthrough today. Gate data shows that XRP violently broke through the historical peak of $3.4 set in January 2018 on July 18, with a nearly 30% rise over four days. Key indicators are sending mixed signals:

• RSI surged to 89.8: Although it has entered the extreme overbought zone, no top divergence has been observed due to the inherent inertia of crypto assets.
• OBV continues to make new highs: The capital inflow curve is steep, indicating real demand building the foundation for a rise.
• 3.1 USD confirmation breakthrough: The acceleration trigger point predicted by AMBCrypto has effectively stabilized.

Core Insights: There is no selling pressure in the price discovery phase, and the brief pullback is merely a liquidity hunt.

Technical Structure Double Verification: Symmetrical Triangle Breakout Activated, Fibonacci Target Locked at $4.5 ▋ Long-term pattern finally realized The symmetrical triangle consolidation that has lasted for several months has completed an upward breakout, and this pattern usually indicates a new cycle high. The weekly level confirms two major turning signals:

1. Structural Level Reversal: In the first week of July, it broke through 2.6 dollars, changing the weekly level from a decline to a rise.
2. Conquering Previous Highs: The January 2025 peak converts into a support platform

▋ Fibonacci Beacon Rises Draw the extension line from the high point of $3.4 in 2025 to the low point of $1.6:

• 23.6% target level: $3.82 (up +11% from current price)

• 61.8% target level: $4.50 (+32%)

• Volume Coordination: Daily trading volume exceeds the annual average by 300%.

  

Trading Strategy: Focus on holding coins for a rise, beware of fluctuations in the long and short death zone Short-term Tactics

• Position Holders: Hold firmly before the OBV turns, ignore the RSI overbought false signals.
• Momentum Chaser: $3.1 converts to the bullish-bearish boundary, a breakout requires a stop-loss.
• Hedging Strategy: Deploy partial take profit in the target range of $3.75-3.82

Risk Warning After the historical high point is broken, a "double kill" market of bulls and bears often occurs:

1. Quick pump to wash out shorts
2. Sudden Drop Hunt for Leveraged Longs
3. Beware of 5%-8% spike fluctuations within 15 minutes

Conclusion: The breakout of XRP marks the establishment of a new round of core leaders in the altcoin season. Although short-term overbought indicators suggest increased volatility, the weekly dual structure breakout combined with the technical resonance of the Fibonacci target provides strong certainty for the $4.5 target level. Historical experience shows that holding assets for a rise remains the optimal strategy until a single-day massive long bearish candle of over 20% appears. Investors should focus on the $3.1 support line, as this position will determine the sustainability of the upward wave.