Saad Ullah
XRP (XRP) continues its strong upward momentum, breaking through multiple resistance zones and now consolidating just below its previous all-time high. After reaching $3.27, the price is back-testing the key $3.18 level, which now acts as support. Technical indicators suggest this retracement remains shallow and controlled—pointing to a potential breakout ahead.
With RSI holding above 70 and trend structure intact, XRP bulls may soon challenge the critical $3.40 level.
XRP Price Surges to $3.27 Before Pulling Back to Test $3.18
The XRP (XRP) price rallied past the $3.18 resistance, aligned with the 0.382 Fibonacci extension, and continued upward to reach $3.27, near the 0.618 Fib level. This sharp upward move signaled strength, not exhaustion, with price accelerating through resistance rather than stalling at it.
Now, XRP is retesting the breakout zone. The $3.18 level is being validated as support, and as long as it holds, market structure remains bullish.
All Eyes on $3.40 as RSI Signals Strength and Wave 3 Setup Forms
XRP is trading within a rising channel, and if it holds above current support, the next major target is $3.40—the asset’s previous all-time high. A break above this level could ignite macro wave 3, a phase typically marked by steep and rapid price increases.
Future resistance levels may be found at $4.62, with more ambitious long-term targets at $6.50, $9.50, and even $12.50+, based on Fibonacci extensions. With RSI at 71.44 and holding above long-term trend resistance, conditions are building for a potentially explosive move.
Saad Ullah
