Usman Salis
XRP has just pulled off what traders love to see - a textbook bullish retest that's got everyone talking. The cryptocurrency bounced cleanly from the $3.20 support zone after breaking out of a downward channel, and now it's trading around $3.28 with some serious momentum building up.
Market analyst @ali_charts highlighted this setup on X, pointing out how XRP's recent price action lines up perfectly with the 0.786 Fibonacci retracement level at $2.70. When you see this kind of technical alignment, it usually means something bigger is brewing.
XRP Price Eyes $3.60 Resistance Break
The next few days could be crucial for XRP holders. The token needs to clear the $3.37 resistance level first - that's where things get interesting. If buyers can push through that barrier, we're looking at the 1.272 Fibonacci extension at $3.51, followed by the main event at $3.60.
But here's where it gets really exciting: analysts aren't stopping at $3.60. There's chatter about an extended move toward $3.69, which would match the 1.618 Fibonacci extension. That's the kind of move that could turn heads and bring more institutional attention to XRP.
Key XRP Price Levels Traders Are Watching
Right now, the technical picture looks pretty clean. Support is holding strong at $3.20 - that's your safety net if things go sideways. The immediate battle is at $3.37, and if XRP breaks through there with conviction, $3.60 becomes the next logical target.
What makes this setup particularly compelling is how XRP managed to reclaim key levels after that nasty drop we saw earlier. Sometimes the best moves come after everyone thinks the party's over. The rebound from $2.70 caught many traders off guard, and now momentum is clearly shifting back to the bulls.
The chart pattern suggests we could see this play out pretty quickly if volume picks up. XRP has a history of explosive moves once it breaks key resistance levels, and with the current technical setup, $3.60 isn't just wishful thinking - it's a legitimate target based on solid Fibonacci analysis.
Usman Salis
