Ripple Price Analysis: Will XRP Dip Before Rocketing Past $4?
Main Idea
XRP has shown strong bullish momentum, breaking its previous all-time high and potentially heading toward the $4 mark, with key support levels to watch for further gains.
Key Points
1. XRP broke decisively above its January 2018 peak at $3.4, setting a new record of just over $3.65.
2. The breakout signals a major shift in market sentiment, with potential for further upward movement toward the $4 psychological threshold.
3. XRP gained approximately 30% in a single leg before encountering resistance and minor rejection at the all-time high level.
4. The $3 region, coinciding with the 0.5–0.618 Fibonacci retracement zone, is a key area to watch for renewed buying interest.
5. If bulls defend the $3 level and volume increases, another rally toward the $3.66 ATH and potentially beyond is probable.
Description
Ripple has maintained strong bullish momentum, breaking above its previous peak and printing a new all-time high at $3.66. However, a short-term corrective retracement is anticipated before the price potentially resumes its upward trajectory toward the $4 mark. XRP Analysis By Shayanmarkets The Daily Chart XRP has recently demonstrated strong bullish momentum, breaking decisively above its January 2018 peak at $3.4 and setting a new record of just over $3.65. This breakout signals a major shift ...
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