Usman Salis
XRP has been showing remarkable resilience despite recent market volatility, maintaining its position above key technical levels that many analysts consider critical for the continuation of its bullish trend. With the cryptocurrency trading around $2.73, market participants are closely monitoring whether XRP can sustain its upward trajectory and potentially reach new cycle highs.
XRP Price Holds Above Key Fibonacci Support
XRP is currently trading around $2.73, staying within a tight range between $2.77 and $2.70. Even with some minor pullbacks, the overall monthly trend remains positive. The long-term chart shows XRP is holding strong above important support levels, which suggests the uptrend is still intact.
Crypto analyst @egragcrypto recently shared his take on XRP's current position. He highlighted three key factors that show the bull run is still alive:
- No major price structures have been broken
- XRP hasn't dropped below the crucial $1.99 Fibonacci level
- The price is still above the 21 EMA on the monthly chart
"Unless all of these are broken," he noted, "I refuse to declare that the bull run has ended. I remain in the camp that XRP still has one more leg up ahead."
XRP Price Targets Based on Fibonacci Extensions
The technical analysis points to several potential price targets using Fibonacci extensions:
- 1.272 Fib: $3.91
- 1.414 Fib: $5.56
- 1.618 Fib: $9.22
- 1.888 Fib: $18.00
- 2.0 Fib: $23.76
- 2.272 Fib: $46.59
Right now, XRP is holding above the $1.99 Fibonacci level, which has become the make-or-break point. If XRP can push above $3.91, it could open the door to targets between $5.50 and $9.20, which would align with previous market cycles.
The analysis shows three distinct market cycles: Cycle 1 (2017–2018), Cycle 2 (2021), and the current Cycle 3 (2025 onwards). Based on this pattern, the current cycle hasn't peaked yet, suggesting XRP could still have another strong move higher before this phase ends.
As long as XRP stays above its monthly EMA and holds the $1.99 support level, the bullish case remains valid. The next key level to watch is $3.90 – a break above this could confirm the start of XRP's final push toward double-digit prices.
Usman Salis
