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token retraces from highs, $2.80 support could trigger fresh breakout
The post token retraces from highs, $2.80 support could trigger fresh breakout appeared on BitcoinEthereumNews.com. XRP has pulled back 7.14% from its recent local top, entering a corrective phase after a strong upward move. Despite this retracement, the structure remains bullish as long as key support levels hold. Summary XRP has pulled back and is now approaching key support at $2.80. The $2.80 zone aligns with the 0.618 Fibonacci, value area high, and HTF structure. If support holds, a higher low may form, continuing the bullish trend toward new highs. Following a sharp expansion driven by a reclaim of the point of control, Ripple (XRP) has now rejected from recent highs and is approaching a critical support zone. The next major technical level lies at $2.80, a region that aligns with the 0.618 Fibonacci retracement, the value area high of a previous volume range, and high-timeframe structural support. This confluence makes it a key area for a potential reversal and higher low formation. Key technical points $2.80 Key Support Zone: Confluence of high-timeframe support, 0.618 Fibonacci, and value area high. Point of Control Below: If $2.80 is lost, the POC becomes the next high-probability reversal level. Bullish Market Structure Intact: Higher lows continue to form, keeping long-term trend biased to the upside. XRPUSDT (1D) Chart, Source: TradingView The rejection from recent highs has triggered a natural corrective move, which is currently finding its way toward the $2.80 region. From a structural perspective, this correction is considered healthy, as it allows price to potentially establish a higher low within an ongoing bullish trend. As long as $2.80 holds, the market structure remains intact and favors continuation to the upside. The significance of the $2.80 level is elevated due to the confluence of technical factors supporting it. If bulls can defend this zone, a reversal toward previous highs and potentially new all-time highs could take shape. Multiple…
The post token retraces from highs, $2.80 support could trigger fresh breakout appeared on BitcoinEthereumNews.com.
XRP has pulled back 7.14% from its recent local top, entering a corrective phase after a strong upward move. Despite this retracement, the structure remains bullish as long as key support levels hold. Summary XRP has pulled back and is now approaching key support at $2.80. The $2.80 zone aligns with the 0.618 Fibonacci, value area high, and HTF structure. If support holds, a higher low may form, continuing the bullish trend toward new highs. Following a sharp expansion driven by a reclaim of the point of control, Ripple (XRP) has now rejected from recent highs and is approaching a critical support zone. The next major technical level lies at $2.80, a region that aligns with the 0.618 Fibonacci retracement, the value area high of a previous volume range, and high-timeframe structural support. This confluence makes it a key area for a potential reversal and higher low formation. Key technical points $2.80 Key Support Zone: Confluence of high-timeframe support, 0.618 Fibonacci, and value area high. Point of Control Below: If $2.80 is lost, the POC becomes the next high-probability reversal level. Bullish Market Structure Intact: Higher lows continue to form, keeping long-term trend biased to the upside. XRPUSDT (1D) Chart, Source: TradingView The rejection from recent highs has triggered a natural corrective move, which is currently finding its way toward the $2.80 region. From a structural perspective, this correction is considered healthy, as it allows price to potentially establish a higher low within an ongoing bullish trend. As long as $2.80 holds, the market structure remains intact and favors continuation to the upside. The significance of the $2.80 level is elevated due to the confluence of technical factors supporting it. If bulls can defend this zone, a reversal toward previous highs and potentially new all-time highs could take shape. Multiple…
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