XRP Poised for Bullish Rally Toward $4.19
XRP displays a strong bullish stance amidst its recent correction. Despite dipping slightly,the coin retains robust support at $2.80, a crucial level.
A retest of the 0.618 Fibonacci level could spark a surge toward $4.19. The market structure reveals continued higher highs and lows, highlighting ongoing bullish momentum.
Ripple reached an all-time high of $3.60 but has since seen a pullback, aligning with major support areas and key Fibonacci levels. This has created a solid base for future growth.
- Key Support at $2.80 aligns with prior resistance turned support.
- Local 0.618 Fibonacci retracement untested seems to set the stage for further gains.
- Fibonacci extension to $4.19 remains a valid upside target.
The pattern of higher highs and lows suggests sustained bullishness.Short-term corrections are typical for healthier trends but have been modest, indicating strong buyer interest around higher levels.
Volume trends show consistent demand near support. However, a significant boost in buying pressure is essential to breakthrough resistance and maintain upward movement.
As long as $2.80 holds firm, XRP is likely to regain its uptrend, aiming for that $4.19 mark. A successful retest of the local 0.618 Fibonacci will serve as a key trigger for accelerated gains.
