XRP: Can the Momentum Continue Above Resistance?
XRP has shown a strong rally after retesting the 0.382 Fibonacci level near $2.08, gaining over 25% and now trading just below the crucial resistance at $2.65.
The overall structure remains bullish, with a clear trend of higher highs and higher lows forming.
The break above $2.48 has added momentum to the move, bringing the $2.65 resistance level and the golden pocket between $2.73 and $2.81 into focus as the next major hurdles.
The $2.65 mark has already been tested and could break if buying pressure continues. Above that, the golden pocket represents a significant resistance cluster, which may slow down or confirm a further breakout.
In case of a short-term correction, the $2.48 level could act as a potential pullback zone, while the orange support area just below $2.20 is critical for maintaining the broader bullish structure.
Despite the ongoing strength, intermediate corrections remain possible and could be beneficial for sustaining the rally. Holding the $2.20 zone is essential for the bullish outlook to remain intact.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
