XRP had a wild ride this week, reaching a new all-time high of $3.65 before slightly cooling off to around $3.37. Despite the pullback, the overall momentum remains strong, and many in the market are wondering: Can XRP break $4 next?

An analyst has said that XRP is currently in the middle of a bullish wave,  a strong upward trend that hasn’t yet hit its full target. The current price action shows consolidation above the previous key high from January ($3.40), which is seen as a positive sign. As long as XRP holds above this level, there’s room to move higher. The next targets being watched are $3.84, $4.33, and even $4.72 in the coming weeks.

The big picture is also helping the bullish case. The long-running legal battle between Ripple and the SEC appears to be nearing its end. Ripple dropped its appeal two weeks ago, and the crypto community has been waiting on the SEC to do the same.

According to former SEC lawyer Marc Fagel, there’s no delay. The SEC is just following its standard internal process. Once both parties finalize their paperwork, they’ll officially end the case. A status update is due by August 15.

With legal uncertainty fading and strong technical signals in play, XRP’s path to $4 looks possible. If the SEC formally drops its appeal and the broader crypto market holds steady, XRP may push to $4.50 or higher. For now, all eyes are on $3.84 and whether XRP can stay above key support at $3.20. The next few days could be crucial.