XRP is once again attracting attention in the crypto market with strong bullish momentum. Following a period of uncertainty, the token is showing signs of a powerful breakout.
Current Situation Analysis on the XRP Chart
On the current daily chart, XRP price has surged over 8%, closing near $2.68 with a peak at $2.84. The RSI is above 79, indicating strong overbought territory. Historically, XRP reacts to such RSI values with short pullbacks before continuing the trend, suggesting a correction may be imminent to gather fresh buying pressure.
Fibonacci Levels and Their Impact on XRP
The recent breakout cleared the 0.618 level (~$2.40) and tested resistance around $2.85. If XRP holds above the $2.40–$2.50 zone, new potential moves upward may arise. Fibonacci projections show a 1.618 extension at about $4.20, indicating that a realistic medium-term target could be $5 if the token maintains its momentum.
Future of XRP: Plan Realization and Key Levels
To reach $15, XRP must achieve a 450% gain. In the past, the token has showcased sharp price increases, such as during the 2017 bull run when it rose from under $0.25 to over $3.50. If positive market sentiment returns, a move to $10–$15 is plausible. It's essential to monitor key levels: support at $2.50 and $2.40, with resistance at $2.85.
In the short term, XRP price looks likely to retest $3 and possibly push toward $4–$5 over the coming months. However, to reach $15 this cycle, the market must regain high activity and Ripple must secure clear legal victories. Nonetheless, traders should remain vigilant about short pullbacks and track daily closes above $2.85.
