Peter Smith
⬤ XRP is getting stronger as it nears $2.18, a price that traders treat as the next short term wall. The token has risen more than 1 % today, climbs through key Fibonacci zones and the RSI still has space before it reaches extreme levels. After rebounding from support at $2.00, XRP pushed past the 0.236 Fibonacci line at $2.18 plus now sits at the first major obstacle on the way up.
⬤ The chart points to clear resistance at $2.18, a level that gains extra weight while Bitcoin stays close to $94,200 and steers the wider market. If XRP manages to revisit $2.18 but also flip it to support, the following objective sits near $2.30. Further up the chart lies resistance at $2.45 and again at $2.56 if the upward move persists.
⬤ Momentum tools echo the bullish view. The four hour RSI rests in the mid-60s and has not crossed into overbought ground - price has also moved back above its 14-period moving average. The expected track shows a sharp rise after the likely retest of $2.18, a climb that could reach the 1.618 Fibonacci extension at $2.73. That level marks the next wave target or could open room for a larger advance once XRP clears $2.18 and $2.30 in decisive fashion.
⬤ The reaction at $2.18 will decide the next step. A firm stay above that mark would smooth the route toward the $2.73 wave target also would show that buyers still direct the trend.
Peter Smith
