One analyst sparked controversy this week by claiming that XRP is following a historical fractal pattern that could lead to a breakout next week, with the $40 price target potentially being achieved before the end of May.
This claim landed with immediate skepticism. XRP is currently trading near $1.37, meaning a $40 target would require a 2,800% upside in roughly six weeks. Critics have been vocal, pointing out the gap between fractal theory and current market reality.
What the most measured analysts say
Setting aside the debate over the $40 price tag, the artistic image Analysts Working with is considerably more realistic.
On the weekly time frame, XRP’s long-term trend remains technically bearish. A complete reversal out of the larger bearish structure has not been confirmed. However, the token is finding stable support around $1.30, a level that has remained stable across multiple tests.
On the 4-hour chart, the range to watch is $1.30 to $1.35 as support and $1.38 to $1.39 as the first resistance area. A clear break above that opens the next resistance level at $1.44 to $1.45.
In the near term, with Bitcoin showing signs of a short-term slowdown after its recent run, XRP is expected to break sideways rather than make a decisive move in either direction over the next day or so.
Where does XRP actually stand?
The honest picture is an avatar sitting on strong support with a cautiously bullish setup in the short term and a long term trend that has yet to reverse. The $1.30 level is the most important right now. Keep it and the case will pile up in the near term. Lose it and the broader bearish structure will be confirmed.
The $40 target will continue to trend on social media. The $1.44 resistance level is what traders are already watching.
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