Usman Salis
XRP (Ripple) traders are watching for higher price levels as the token holds above $3.00. Fibonacci extensions now point toward a potential rally into the $4–$6 range, marking the next major test for bulls. If momentum builds, XRP could be preparing for one of its strongest moves of the year.
XRP Technical Setup: Fibonacci Extensions in Play
The 3-day XRP/USDT chart shows consolidation after the token's breakout earlier this year. Following a strong surge above $2.50, XRP has established higher lows, signaling sustained demand despite a cooling-off period.
The chart reveals that XRP has built a support base above $2.80–$3.00, providing stability after earlier gains. According to STEPH IS CRYPTO trader analysis, Fibonacci extensions suggest potential resistance and target levels at $3.60 (1.618 Fib), $4.00 (2.0 Fib), $4.64 (2.618 Fib), $5.68 (3.618 Fib), and $6.71 (4.618 Fib).
The steady consolidation near $3.00 reflects accumulation, often a precursor to larger directional moves.
Why XRP Momentum Is Building
Several factors support XRP's longer-term bullish outlook. Ripple's partial legal victories against the SEC have boosted investor confidence, while the company continues expanding its global payment infrastructure, anchoring XRP's real-world use case. With Bitcoin stabilizing above key levels, altcoins like XRP are benefiting from renewed capital inflows. This backdrop enhances the significance of the chart's target zone, aligning technicals with improving fundamentals.
XRP Price Prediction: Can Bulls Hit $6?
If XRP breaks higher from its consolidation range, the first milestone is $3.60, with $4.00 serving as a critical psychological level. Sustained buying pressure could then push prices toward the $4.64–$6.71 range, as highlighted by Fibonacci projections. However, failure to hold above the $2.80–$3.00 support zone would weaken the bullish setup and risk a deeper retracement before another attempt higher.
Usman Salis
