Will Bitcoin Reach $200K in This Bull Run? Analyzing the Possibility

Market background: Funding sentiment is shifting.

Recently, the cryptocurrency market has been buzzing with activity, with mainstream coins like Bitcoin and ETH rising, and market confidence has somewhat recovered. Meanwhile, XRP, as a well-established blockchain asset, is gradually emerging from its adjustment phase. The current trading price is about $3.12, showing strong short-term performance.

Multiple data platforms show that the on-chain transaction activity, the number of holding addresses, and the transfer volume of XRP are all showing signs of recovery, indicating that investors are regaining interest in the project.

The support level at $2.47 is a key defense line.

The foundation of a bullish market is the stability of support levels. $2.47 is a technical level that XRP has tested multiple times, serving as a starting point for bullish rebounds in April, May, and July this year.

On the technical chart, this position is not only a watershed for long positions and short positions but also converges with multiple period moving averages, thus possessing strong support capability. Once the price successfully retests and confirms, this will greatly increase the chances of XRP’s rise.

Technical calculation logic for the target $4.804

Why is it $4.804?

• Fibonacci extension tool: Calculating from the starting point of this rise, the price corresponding to the 1.618 golden ratio is $4.8;
• Historical high point backtest: In 2021, XRP attempted to reach $4.8 multiple times but failed, leaving a significant technical gap;
• Sentiment level: Round numbers have an important psychological impact on market sentiment and can easily become focal points for trading.

Overall, this target has strong technical and emotional support.

Entry strategy suggestion: Control risk in batches.

It is recommended to enter the market using the “test position + confirm increase” method:

• Test phase: $2.8–$3.0 is a reasonable range for building positions;
• Add positions after trend confirmation: If XRP successfully stabilizes at $3.3–$3.5, then positions can be increased;
• Take profit level: It is recommended to take profits in batches, with the first target at $4.804 and the second target at $5.6;
• Stop-loss point: Defensive position set at $2.4, ensuring maximum loss is controlled within 10%–12%.

Future Outlook: Are there further goals after the breakthrough?

Once the target of XRP Price To Climb 44% To $4.804 is achieved, the market will attract more attention. If this level is broken with significant volume, a typical “cup and handle breakout” pattern will emerge, and the subsequent upside potential may extend to the $6.0 or even $7.138 region.

Of course, whether it can continue to rise still requires attention to the following points:

• SEC’s regulatory attitude towards Ripple;
• Is the global cryptocurrency regulatory policy easing?
• Changes in overall market risk appetite.

Conclusion: Opportunities and risks coexist, and one must respond flexibly.

XRP is currently at an important node. For beginners, understanding and following trends is key to achieving stable returns. The support and target levels discussed in this article are important coordinates for assessing market conditions, and strategies should be flexibly adjusted based on market changes.

XRP Price To Climb 44% To $4.804 is not a fantasy, but a possible path backed by sufficient technical and financial foundations. The key is whether you can grasp the rhythm in the initial stage, avoid risks, and seize the main trend of the rise.