XRP is displaying an active harmonic pattern, with significant trader interest regarding potential price movements. By analyzing support and resistance levels, key observation areas can be highlighted.
Harmonic Structure and Target Levels
According to analysts, XRP is forming a bullish harmonic model on the USDT pair. The structure shows swings from point A to B followed by a corrective retracement to point C around $2.66. This low point establishes a critical support zone, laying the foundation for a recovery movement.
Starting at the C pivot, XRP surged to the $3.15–$3.18 area, forming a significant resistance level before retreating. The harmonic structure aligns with levels of $0.881, $1.258, and $1.818, which are textbook completion indicators based on Fibonacci. The projected D extension stands at $3.2747, marking a logical target if momentum returns.
Market Context and Price Behavior
At the time of writing, XRP's market capitalization is $182.56 billion, maintaining its position as the third-largest cryptocurrency. Circulating supply is 59.61 billion tokens out of a total cap of 100 billion. The fully diluted valuation is $306.27 billion.
Price action has been volatile, with intraday trading dipping below $3.05 before recovering. The trading volume stands at $4.66 billion, down 18.24% over the past day, indicating weakened short-term activity. The volume-to-market cap ratio of 2.55% suggests moderate liquidity, leading to price fluctuations when participation declines.
Despite this, the structure of higher highs and higher lows since the C bottom indicates constructive behavior. The recent pullback appears corrective rather than trend-ending, aligning with harmonic expectations of a gradual, upward recovery.
Support Levels and Risk Management
Key levels are vital for traders following the harmonic pattern. The short-term trend is positioned between $2.90 and $2.95, with a solid support ground around $2.70–$2.66. A decline below the pivotal level of $2.66 would discredit the formation and lead to the potential of a prolonged decline.
On the upside, $3.15 remains the first barrier. A confirmed breakout above this resistance would trigger the path toward the D completion at $3.2747. Sustained movement above $3.28 could further extend momentum toward $3.30–$3.35 levels, offering additional upside potential.
The analysis of XRP's structure indicates a potential for continued growth provided that key support levels are maintained. The success of further growth will depend on market activity around $3.00 and the $3.15 resistance level.
