XRP Holds Above Key Fibonacci Support Amid Bull Flag Formation, Short-Term Pullback Possible

Key Points

1. XRP's price is consolidating above the critical Fibonacci 1.0 level at $3.40, which has transitioned from resistance to support.

2. Technical indicators, including the golden cross (50-day MA above 200-day MA) and strong volume metrics (OBV at 2.311B, A/D line at 1.757B), suggest long-term bullish momentum.

3. The Stochastic RSI indicates overbought conditions (%K and %D above 87 and 90), hinting at a possible short-term pullback before further gains.

4. Key resistance lies at $4.16, while a drop below $3.40 could test secondary supports at $3.12 (Fibonacci 0.888) or lower levels ($2.89–$2.55).

5. Investor sentiment remains cautiously optimistic, with a breakout above the flag pattern potentially accelerating buying interest toward $4.16.