XRP Close Above This Level Could Send Price To $4.80, Analyst Says

A crypto analyst suggests that XRP could potentially reach $4.80 if it closes above $3 on the weekly chart. This prediction is based on a technical analysis pattern called a Parallel Channel, which shows XRP's price consolidating between two trendlines. A break above the upper trendline, currently around $3, could trigger a significant rally. XRP has recently surged, with a 7% increase in the last 24 hours, bringing its price to $3.08. In related news, the analyst also noted that Ethereum faces a key resistance level at $3,980, and breaking above this could also lead to a substantial price increase.