XRP Analysts Highlight $2.47 Support as Key to Unlocking Targets Toward $4.804

XRP defends $2.47 support, keeping a bullish target of $4.804 alive with a projected 66% rise.

Chart data confirms higher lows since 2020, with $4.05 and $4.80 marked as next resistance zones.

Trading volume hits $5.24B as XRP consolidates between $2.85–$2.90, showing steady buyer activity.

XRP is consolidating above a critical support zone, keeping bullish targets in focus. Analysts suggest that maintaining levels above $2.47 could set the stage for a potential move toward $4.804, representing an estimated 66% advance from current prices.

Analysts Point to $2.47 as Critical Zone

Javon Marks, a well known crypto analyst noted that XRP holding above $2.47 indicates that the market is still aligned toward $4.804. He noted that this projection represents another “+66% climb from here, perhaps at minimum.” The $2.47 zone is seen as a consolidation base following the breakout from long-term resistance.

Chart data shows XRP has maintained strength after its rally, currently trading near $2.88. Historical structure reflects higher lows since 2020, with each accumulation phase leading into breakout rallies. Resistance levels have been identified at $4.05 and $4.80, reinforcing the case for potential upward continuation as long as the support base holds.

Source: CasiTrades(X)

According to Casi Trades, XRP also formed a double bottom near $2.70 during recent volatility, confirming a possible Wave 2 completion. He explained that “any new low beneath $2.70 would reset the trend count,” but current movement suggests strength above retracement levels, keeping bullish momentum valid.

Market Behavior and Volume Trends

Market data from CoinMarketCap shows XRP trading between $2.85 and $2.90 with daily fluctuations. Despite short-term pullbacks, price continues to recover quickly, showing steady buyer activity

Source: CoinMarketCap

Trading volume reached $5.24 billion in 24 hours, though this reflected a 21% decline compared to earlier sessions. The fully diluted valuation is $288.03 billion, based on a maximum supply of 100 billion XRP.

Circulating supply stands at 59.77 billion tokens, maintaining XRP among the largest assets by capitalization. Current observations show XRP’s ability to remain stable above the $2.47–$2.70 range reinforces bullish projections. If this zone continues to hold, immediate targets remain $4.05 and $4.804, in line with historical breakout behavior.

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