Usman Salis
Ripple's native token has been putting on quite the show lately, staging a solid comeback from the $2.8 support zone that had many traders holding their breath. This wasn't just any ordinary bounce either – the level perfectly lined up with the 0.5 Fibonacci retracement, creating a sweet spot that buyers couldn't resist.
Right now, XRP is hanging out around $3.20, taking a breather after testing the $3.4–$3.6 resistance zone. But here's where things get spicy: that $3.6 level isn't just any random number. It's been a proper brick wall in the past, marking a previous swing high where sellers have historically shown up to crash the party.
XRP Price Action Shows Classic Bullish Setup
The technical picture is painting a pretty compelling story. On the 4-hour chart, XRP has been carving out what looks like a textbook bullish flag pattern – and when it finally broke out, it delivered exactly what chartists were hoping for.
Here's what traders are watching:
- Support zones: $3.20 and the stronger $2.80 level (that golden 0.5 Fib)
- Resistance battles: $3.40, the crucial $3.60, and the ultimate prize at $4.00
The recent rejection at $3.6 caused a minor hiccup, but nothing that screams "trend over." Instead, it looks more like XRP is gathering steam for another assault on that stubborn resistance.
Will XRP Price Hit the $4 Jackpot?
For XRP to punch through to that magical $4 mark, the bulls need to do more than just poke at $3.6 – they need to smash through it with conviction and keep the momentum rolling. We're talking about a proper breakout with volume that makes other traders take notice.
But let's keep it real: if this breakout attempt fizzles out, XRP could easily drift back to $3.20 or even revisit that $2.80 support zone before the next rally attempt. That's just how these markets work – two steps forward, one step back.
Usman Salis
