Ripple's XRP is currently in the green zone, and the price is eyeing a breakthrough at the $3.20 level. As long as XRP holds above $3, the bullish scenario remains plausible, though the market could still be in a corrective phase.
Current Market Situation of XRP
In the short term, XRP has shown strong support reaction and is currently in a pullback phase. After a 20% move up from the support area, the price has encountered a minor pullback.
Micro Support Levels
$2.76 - $2.97: These are the immediate support levels for the current pullback. XRP should ideally not break below $2.76 in the short term to maintain the bullish outlook.
Upside Price Targets and Resistance Levels
$3.40: A breakout above this level would be a key signal for further upside movement. $3.42: This level represents the 138% retracement of the previous wave. $4.20: The next Fibonacci resistance level. $5.00: The ultimate upside target if the bullish momentum continues.
XRP is eyeing an upward trend, and attention should focus on key support and resistance levels to understand further price movements.
