Ripple’s XRP has made a significant breakthrough, surpassing a long-standing resistance level and reaching new heights. According to market analysis, this breakout marks the end of a corrective phase that began earlier this year, as seen in Elliott Wave analysis. 📊 The move breaks through a key weekly trendline, setting the stage for potential upward movement. Analysts are predicting XRP could surge toward $4.39 and beyond. 📈
Despite selling pressure from large wallets with over $120 million in XRP sales, XRP remains stable above $3, showcasing strong demand from investors. 💪 This suggests that buyers are confident about the future of the cryptocurrency.
Technical analysis reveals a bullish divergence on RSI, suggesting momentum is shifting upward. 📈
The next key resistance level sits at around $3.65. Further price surges are anticipated based on Fibonacci retracement levels, with projected targets of $4.39 and even higher. 🚀
Overall, the market remains cautiously optimistic with traders looking for clear breakouts to initiate new positions.