XRP Price Set to Outperform Bitcoin, Reach $4.50 Soon? How and When?

Ripple’s XRP price has held on well in the recent market volatility without breaking some key support levels. Several analysts have pointed out that XRP price might even outperform Bitcoin and possibly reach $4.50.

XRP Price Holds Above Critical Support Levels

In the past few weeks, XRP price has displayed clear bullish tendencies despite the recent decline in the crypto space. Analyst Dr Cat has noted that the cryptocurrency has stayed above the psychological $2 support level. That’s an important technical level that has built investor confidence.

Notably, the Kijun Sen, located in the Ichimoku Cloud indicator, is a pivotal support level. When writing, XRP was above this important line in its weekly chart.

From the chart shared by the analyst, the Kijun Sen indicator was at $2.07. It was playing a major role in market momentum. This essential support zone was a boundary for the cryptocurrency’s bullish price action at press time.

Additionally, the short-term market strength for buyers was confirmed through the Tenkan Sen’s position above the Kijun Sen. These technical signals suggest the altcoin could have the necessary support to move upward, especially if it builds further momentum in the coming weeks.

Bitcoin Shows Technical Weakness

Unlike Bitcoin, XRP price has been quite bullish in recent trading sessions. Bitcoin, the leading digital asset, has faced technical issues, especially in the weekly chart. The crypto has formed a bearish breakout as it has fallen below the Kijun Sen. That showed a lack of balance in the price momentum.

It is a technical breakdown as the price of Bitcoin is now unable to sustain above critical levels.

More so, a death cross pattern emerged when the Tenkan Sen dropped beneath the Kijun Sen, according to Ichimoku Cloud analysis. A death cross pattern following this signal crossover suggested Bitcoin may struggle to regain bullish control.

While this signal could be transient, it reveals short-term struggles that Bitcoin price faces in bearish conditions.

Ripple Outperforms Bitcoin Year-to-Date

In terms of year-to-date performance, the Ripple token has outpaced Bitcoin by a considerable margin. According to the latest data, XRP obtained 11.6% growth over Bitcoin, which means that the asset showed more versatility and strength in comparison with the market leader.

XRP price has demonstrated strong upward performance against Bitcoin, implying that investors have increasingly viewed XRP positively.

Historically, Bitcoin has maintained its position as the market’s dominant cryptocurrency. Yet, XRP demonstrated clear indicators of surpassing Bitcoin’s performance.

XRP showcased robust performance by sustaining strength during overall market consolidation periods. It may aim for higher price levels, reaching the $4.50 range if it continues to outperform Bitcoin in its present trajectory.

XRP Price Market Sentiment

In a recent post on X, crypto analyst Steph Is Crypto has highlighted that XRP’s future is promising as Ripple continues to clear the path for trillions in transactions. He emphasizes that, according to Monica Long, Ripple is “just getting started”. That suggests XRP price could see significant growth.

The analyst forecasted that XRP may experience an upward price movement due to its current market positioning.

However, according to analyst Ali Martinez, XRP has shown price retreat while citing Thomas pullbacks as an aspect that adds excitement to trading. The analyst’s chart showed potential head-and-shoulders traits, suggesting additional price decreases might happen.

Martinez emphasized that the altcoin pullback remains a typical market occurrence. It maintains a positive outlook because it upholds essential support levels near $2.00.

At the time of writing, XRP price was trading at $2.10, up 1.63% in the last 24 hours. The price broke above key resistance levels and was maintaining an upward trend, supported by a solid market cap of $122.7 billion.