XRP poised for $4.19 expansion as bullish structure holds
The post XRP poised for $4.19 expansion as bullish structure holds appeared on BitcoinEthereumNews.com. XRP maintains a bullish market structure despite its current correction, with technical confluences pointing toward a potential rally toward $4.19 once key Fibonacci levels are retested and held. Summary XRP remains bullish despite a corrective pullback, holding strong high time frame support at $2.80. A retest of the local 0.618 Fibonacci could trigger a rally toward $4.19. Market structure shows higher highs and higher lows, signaling sustained bullish momentum Ripple (XRP) has been consolidating following its all-time high of $3.60, but the underlying technicals remain firmly bullish. A combination of Fibonacci confluences, high time frame support, and strong market structure suggests that the recent pullback may be setting the stage for the next leg up. Key technical points Key Support: $2.80 high time frame support, aligning with previous resistance turned support. Fibonacci Confluence: Retest of the local 0.618 Fibonacci could trigger bullish expansion. Upside Target: Fibonacci extension target at $4.19 remains in play. XRPUSDT (1D) Chart, Source: TradingView The recent all-time high of $3.60 marked a significant milestone for XRP. Following this peak, price action rotated back toward the value area high, where it found support and initiated a bullish reaction. This retest was reinforced by the 0.618 Fibonacci level and high time frame support, providing a strong technical foundation for continuation. Another critical observation is that the local 0.618 Fibonacci retracement remains untested. A revisit and hold of this level would create an ideal higher low setup, enabling the market to springboard toward the next major resistance zones. Historically, XRP has shown strong impulsive rallies after clean Fibonacci retests, making this a key area to monitor. The broader market structure continues to print consecutive higher highs and higher lows, signaling sustained bullish momentum. While short-term pullbacks are healthy for trend continuation, the current corrective phase remains shallow, suggesting that…
The post XRP poised for $4.19 expansion as bullish structure holds appeared on BitcoinEthereumNews.com.
XRP maintains a bullish market structure despite its current correction, with technical confluences pointing toward a potential rally toward $4.19 once key Fibonacci levels are retested and held. Summary XRP remains bullish despite a corrective pullback, holding strong high time frame support at $2.80. A retest of the local 0.618 Fibonacci could trigger a rally toward $4.19. Market structure shows higher highs and higher lows, signaling sustained bullish momentum Ripple (XRP) has been consolidating following its all-time high of $3.60, but the underlying technicals remain firmly bullish. A combination of Fibonacci confluences, high time frame support, and strong market structure suggests that the recent pullback may be setting the stage for the next leg up. Key technical points Key Support: $2.80 high time frame support, aligning with previous resistance turned support. Fibonacci Confluence: Retest of the local 0.618 Fibonacci could trigger bullish expansion. Upside Target: Fibonacci extension target at $4.19 remains in play. XRPUSDT (1D) Chart, Source: TradingView The recent all-time high of $3.60 marked a significant milestone for XRP. Following this peak, price action rotated back toward the value area high, where it found support and initiated a bullish reaction. This retest was reinforced by the 0.618 Fibonacci level and high time frame support, providing a strong technical foundation for continuation. Another critical observation is that the local 0.618 Fibonacci retracement remains untested. A revisit and hold of this level would create an ideal higher low setup, enabling the market to springboard toward the next major resistance zones. Historically, XRP has shown strong impulsive rallies after clean Fibonacci retests, making this a key area to monitor. The broader market structure continues to print consecutive higher highs and higher lows, signaling sustained bullish momentum. While short-term pullbacks are healthy for trend continuation, the current corrective phase remains shallow, suggesting that…
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