XRP Price Eyes $4.70 Rally As Bitcoin Dominance Controls Market

XRP remains volatile near $2.30 support while traders await a recovery signal above $3.65 resistance.

A breakout above $3.65 may trigger a rally toward $4.60 as Bitcoin dominance begins to cool.

Intraday traders focus on range-bound movement while XRP tracks Bitcoin’s broader price structure.

XRP continues to trade under pressure after both XRP and XRPBTC closed bearish alongside Bitcoin’s latest correction. The asset retested its support territory near $2.30, with analysts expecting a rebound once Bitcoin dominance shows signs of weakness. The setup indicates that a quick bullish recovery could emerge as traders focus on the next breakout level around $3.65.

According to CryptoWzrd, who shared the outlook on November 3rd, both XRP and XRPBTC experienced a bearish daily close as Bitcoin’s momentum spiked. The analyst noted that while the decline was expected, XRP’s structure remains intact above its support region. A recovery phase is likely if Bitcoin stabilizes, setting the stage for a short-term rally.

The analyst added that Bitcoin dominance continues to dictate altcoin sentiment, and XRP’s next move will largely depend on BTC’s volatility. This correlation has held firm for months, making Bitcoin’s stability a critical factor for any XRP rebound.

Daily Chart Analysis: XRP Retests Key Support Zones

The daily chart shows that XRP remains locked within its broader correction channel, currently holding above the $2.30 zone. This level has acted as a crucial support throughout previous retracements, offering a potential springboard for recovery if buying pressure returns.

CryptoWzrd’s analysis identifies the $3.65 resistance level as the immediate barrier to watch. A confirmed breakout above this point could push XRP toward $4.60 or even $4.70, marking the upper limit of the projected rally zone. The price action mirrors classic retracement phases, where consolidation leads to renewed upward momentum once key resistance zones are breached.

Despite short-term weakness, XRP’s structure suggests resilience within the broader range. If Bitcoin’s dominance starts to weaken, XRP could benefit from renewed capital rotation into altcoins, potentially triggering the forecasted move.

Intraday Volatility Reflects Market Uncertainty

On the intraday chart, XRP displayed sharp swings, reflecting high volatility and trader indecision. The analyst described the market as “extremely volatile,” noting that price action within this region may remain erratic before clear direction emerges. Sideways trading between support and resistance levels is expected until Bitcoin’s trend provides clarity.

Traders watching the lower time frames will likely seek scalp opportunities during brief intraday reversals. The analysis points to range-bound movement between $2.30 and $3.65 until the market confirms a breakout. These conditions present both risk and opportunity for short-term participants seeking to capitalize on fluctuations.

CryptoWzrd stated that any confirmed bullish reversal could result in a strong rally, especially if Bitcoin’s selling pressure eases. Such a scenario could reignite momentum across major altcoins, with XRP positioned as a leading candidate for recovery.

Market Outlook: Can XRP Overcome the $3.65 Barrier?

The pivotal question now centers on whether XRP can sustain enough buying strength to overcome resistance at $3.65. This threshold marks the technical gateway to the next bullish wave, targeting the $4.60–$4.70 zone.

If Bitcoin’s dominance weakens, traders expect an acceleration in altcoin activity, providing fuel for XRP’s breakout. However, a continuation of Bitcoin’s rally could keep XRP suppressed within its current range.

For now, XRP’s technical picture remains cautiously neutral—anchored above solid support but constrained by market-wide uncertainty. Traders continue to monitor price action closely for the next confirmation signal that could define the asset’s short-term trajectory.