[Digital Today reporter Yeseul Kim] XRP has regained the $1.40 level, and bullish forecasts about further upside are spreading again.

The Crypto Basic, a blockchain media outlet, reported on April 18 local time that market analyst Crypto Catalyst said XRP could be entering the early stage of another major rally.

Crypto Catalyst wrote on X that "another rally is just about to begin". The analysis is based on a chart structure similar to past breakout phases. On the weekly chart, the $3.00 to $3.60 range has been presented as a long-term upper resistance zone. XRP rose to that range during upswings in 2024 and 2025, but failed to sustain momentum above it for long.

It also presented the price as stabilising above a lower support zone around $1.30. XRP traded at $1.44 at the time of writing and reclaimed $1.40 for the first time in weeks. It was up 2.5 percent on the day and up 7.61 percent over the past week.

Crypto Catalyst said if upside momentum builds, "the next key target could be $5". The chart’s expected path also shows a move that first regains the $2 range and then accelerates toward a new high. In the short term, the $2 and $3 zones were cited as the next levels to watch.

One basis for the outlook is a repeating market structure known as a fractal. The analyst said XRP has previously moved sideways for a long period and then broken out sharply. XRP traded around $0.50 in early November 2024, then rose above $2 the following month and reached $3 in January 2025.

The report noted that market conditions then and now are not the same. During the previous rally, external factors such as easing regulatory pressure, Donald Trump’s presidential election victory and Bitcoin breaking $100,000 coincided, but market sentiment is now generally cautious. It also cited as a burden that a 247 percent rise is needed to reach $5 from the current price. XRP still has to clear multiple resistance zones.

Bullish forecasts have not only come from Crypto Catalyst. Trader Crypto Coopra claimed the current move resembles XRP just before its 2017 surge and said it could reach $32 within 90 days. But skepticism remains in and outside the market, with many saying such fractal-based forecasts have repeatedly missed in the past.

The $32 forecast would require a 2,100 percent jump from the current price and a market capitalisation exceeding $1.95 trillion, setting a high realistic hurdle. The outlet said the key variable in the short term remains whether XRP can first break through the $2 and $3 zones, and only then could scenarios of further gains above $5 gather strength.