XRP Breaks Records, Reaches New All-Time Highs Fueled by Fibonacci Targets

XRP continues its upward trajectory, surpassing the $2.74 support level to reach a new all-time high. Analysis reveals targets of $3.80, $4.10, and $4.47 based on Fibonacci extensions above the 2018 peak. This bullish trend is supported by higher highs and higher lows since June.

Published: Aug 17, 2025 At 03:50 PM
Updated: Aug 17, 2025 At 02:59 PM
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By Wesley Munene
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XRP maintains a strong uptrend with higher highs and lows, keeping the support of $2.74 intact. This level is crucial for maintaining this upward trend.

Key factors driving XRP’s growth include:
* Expanding decentralized finance (DeFi) applications.
* Growing institutional investments in cryptocurrencies.

The technical analysis suggests a continuation of the bullish momentum as long as the price stays above $2.74. This support level is also crucial for determining whether this trend will continue.

Rising lows confirm a strong market structure for XRP.
The recent rise in the price of XRP shows that it has broken through its previous resistance, and is currently trending upwards on its way to new heights.

Key analysis:
* April’s low marked at $1.62 was followed by a higher low at $1.92 in June. This sequence of rising lows confirms the trend’s strength.
* The $3.67 high set after the June rebound is another strong indicator for continued growth.

Fibonacci extensions play a key role:
* Based on this, Virtual Bacon suggests three Fibonacci extension levels: 🎯$3.80, 🎯$4.10, and 🎯$4.47. These levels can potentially be used to set up short-term trades for potential profit.

Staying realistic about entry and exit points is key to success in trading.