XRP’s Market Structure Remains Constructive Despite Pullback
- XRP is trading at $2.4477, down by 14% month-to-date, with the current monthly candle showing an open at $2.8467 and a high of $3.1037.
- The price has defended a major Fibonacci support cluster while testing resistance near its prior all-time high of $3.3170.
- A key support zone lies between $1.60–$1.80, which aligns with the Fibonacci retracement level of approximately $1.6125.
- Potential bullish targets include Fibonacci expansion levels at $8.2961, $13.3894, and a possible peak at $26.6304 if the price breaks above the all-time high.
XRP’s market structure remains supportive despite recent volatility, as it continues to defend critical support levels while probing historical resistance points around its previous all-time high of $3.3170.
The asset’s potential for further gains hinges on maintaining its higher-low structure above key support zones and breaking through significant resistance levels for a trend continuation towards ambitious targets like $26.63.
