Ripple Price Analysis: Will XRP Break Above $4 This Week?
Main Idea
XRP's price is testing the $3.6 resistance level, with potential for further gains toward $4 if the level is breached, though short-term consolidation or pullback is possible.
Key Points
1. XRP has bounced from the $2.8 support zone, aligning with the 0.5 Fibonacci retracement level.
2. A successful breach of the $3.6 resistance with strong volume could lead to a move toward the $4 psychological threshold.
3. Overhead supply may cause short-term consolidation or a minor pullback before a sustained breakout attempt.
4. On the 4H timeframe, Ripple’s upward structure is more pronounced, with a decisive breakout fueling the advance toward $3.6.
5. Repeated rejections at $3.6 could lead to another pullback.
Description
Ripple has recently rallied to test the key $3.6 resistance zone. Should buying pressure continue and price secure a breakout above this level, the move could pave the way for an extended advance toward the $4 region. XRP Price Analysis: Technicals By Shayan The Daily Chart XRP has recently bounced from the critical $2.8 support zone, which aligns with the 0.5 Fibonacci retracement of the prior rally. This confluence attracted notable buying interest, triggering a sharp upswing toward the $3.4–$...
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