Analyst Says XRP Retest Still on the Table. Here’s Why

Key Points

1. XRP is trading at approximately $3.52, consolidating near the Fib 1.0 level at $3.40, which is seen as a bullish sign.

2. A retest of the Fib 0.888 level at $3.12 is possible, which could serve as a critical point for a potential breakout.

3. If XRP holds above $3.40, it indicates strong bullish momentum; a successful retest of $3.12 could also set up another rally.

4. Market indicators like the MACD and RSI show strength, though overbought signals on shorter timeframes may justify a temporary pullback.

5. XRP's recent breakout to a new all-time high of $3.65 suggests potential macro targets ranging from $6 to $27 over time.