- XRP finds support near a key Fibonacci level, hinting at a potential reversal
- The recent price surge could be the beginning of another bullish leg
- Breakout confirmation depends on whether XRP can reclaim previous resistance levels
XRP has been on an absolute rollercoaster, swinging between highs and lows in dramatic fashion. After surging past $3.40, the price saw a sharp rejection, leading to a pullback that tested key support zones. However, the latest bounce suggests buyers are stepping back in, bringing some optimism to the market.
What’s interesting about this move is where XRP found support. Looking at the TradingView data, the price appears to have respected a key zone, which often acts as a springboard for new rallies. These levels tend to work as psychological barriers—when buyers step in at Fibonacci retracements, it signals potential strength for another move up.
Now, XRP is hovering around $2.61, and traders are watching closely to see if it can reclaim lost ground. If this bounce holds, we might be looking at the start of another leg higher.
XRP’s Wild Swings: Finding Stability After the Drop
XRP’s recent price behavior suggests that market sentiment is shifting. The token has bounced from previous lows multiple times, forming higher lows, which is often a sign that buyers are gradually regaining control.
However, there’s still one key hurdle to clear. The previous high around $3.40 acted as a strong resistance level, where sellers took profits and sent prices tumbling. For XRP to break out of its current range, it needs to close convincingly above $3.20—otherwise, another pullback remains a possibility.
If XRP can push through this zone, the next resistance to watch is around $3.50-$3.60. But if it fails and breaks below $2.50, a deeper correction could be on the horizon.
What’s Next for XRP?
The biggest question now is whether XRP can sustain its upward momentum. With key support levels holding, a bullish reversal is definitely on the table, but breakout confirmation is still needed.
XRP’s journey dates back to 2012, when it was created by Ripple Labs as a fast and low-cost solution for cross-border payments. Unlike most cryptos, XRP isn’t just about speculation—it has real-world utility, which has helped it stay relevant despite market fluctuations.
If XRP can keep bouncing from key technical levels, the next move might be explosive. But for now, all eyes are on whether it can reclaim previous highs or if another dip is on the way.
