Saad Ullah
A seasoned crypto trader is doubling down on XRP despite the market's recent stumble, claiming the digital asset has landed right back in the sweet spot for new buyers. With XRP trading near key support levels, this could be the last chance to get in before the next major move up.
XRP Support Zone Could Spark Major Rally
Right now, XRP is dancing around a critical support area between $2.95 and $3.10. The trader's analysis shows XRP sitting at $3.1627, hovering just above that crucial $2.9570 level - the 100% Fibonacci retracement.
As long as this support zone holds firm, we could be looking at one hell of a bounce. The trader isn't sweating the current dip; instead, they're viewing it as the perfect entry point for anyone who missed the earlier action.
Targets Point to $4.00 Upside
If XRP holds above that green support zone, the immediate target sits at $3.6597 - the recent range high. But here's where it gets interesting: the trader sees potential for XRP to push into the $3.80 to $4.00 range.
Breaking into that $4.00 territory would be huge for XRP holders, potentially setting the stage for new all-time highs in this market cycle.
Key Levels to Watch:
- Current level: $3.1627
- Critical support: $2.9570 - $3.10
- First target: $3.6597
- Extended target: $3.80 - $4.00
The bottom line? XRP is sitting at a crossroads where either direction could lead to significant moves, but the potential rewards could be substantial for those betting on support holding.
Saad Ullah
