XRP’s path to $6 is now clear after turning green
Main Idea
XRP has reclaimed the $3 resistance level and is showing bullish momentum, with analysts predicting further gains towards $4 and $6.2768 in the ongoing 2025 bull market cycle.
Key Points
1. XRP recently found strong support above the 0.618 Fibonacci level at $2.71, leading to a rebound and reclaiming the $3 mark.
2. Analysts highlight key Fibonacci extension targets at $4.4948 (1.618 Fib extension) and $6.2768 (2.618 extension) as potential next milestones.
3. XRP is trading at $3.04, up 1.2% in 24 hours but down 3.6% weekly, with strong support above its 50-day ($2.68) and 200-day ($1.88) SMAs.
4. The 14-day Relative Strength Index (RSI) at 54.70 suggests room for further upside before XRP becomes overbought.
5. Analysts emphasize that XRP is in the early stages of its bull market, with bullish momentum expected to persist.
Description
After reclaiming the $3 resistance level, XRP has reignited its bullish momentum, with technical indicators pointing to a potential record high above $6. In this line, cryptocurrency trading analyst Master Ananda noted that this move could play out within weeks, as XRP remains in the early stages of its bull market, according to a TradingView post on August 4. As per the outlook, XRP recently found strong support just above the 0.618 Fibonacci level at $2.71, sparking an immediate rebound. A gre...
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