Ripple’s price has bounced strongly from a critical support zone at $2.64, reinforced by key technical confluences. The move positions price action for a continuation toward its all-time high and beyond.
Summary
- XRP rebounds strongly from $2.64, a key confluence zone with Fibonacci, Bollinger Bands, and value area high.
- Market structure confirms another higher low, maintaining bullish momentum.
- Fibonacci extension sets $4.80 as the next upside target.
Ripple (XRP) has reaffirmed its bullish market structure after finding support at $2.64, where multiple technical confluences align. This rebound underscores the strength of ongoing momentum, setting the stage for a rally toward the next Fibonacci extension target at $4.80. Meanwhile, Ripple is expanding distribution of its Ripple USD stablecoin to institutional clients in Africa, reinforcing its broader global growth drive.
Ripple price key technical points
- Critical Support: $2.64 aligns with the 0.618 Fibonacci retracement, lower Bollinger Band, and value area high.
- Market Structure: Bounce confirms another higher low in XRP’s established bullish trend.
- Upside Target: Fibonacci extension points toward $4.80 as the next major objective.
The $2.64 region has emerged as a crucial structural base for XRP. Its combination of Fibonacci retracement, Bollinger Band support, and value area high creates one of the strongest confluence zones seen in recent months. The rebound from this level not only confirms demand but also strengthens the broader bullish narrative.
From a structural perspective, XRP continues to trade within a strong uptrend, marked by consecutive higher highs and higher lows. The most recent bounce adds yet another higher low to this framework, signaling that the bullish trend remains intact despite recent corrective pressures. This confirms that price action has the structural foundation to accelerate toward higher levels.
The immediate upside target is the all-time high region, with Fibonacci extension projections placing the next milestone at $4.80. Such a move would mark a significant breakout, transitioning XRP into uncharted price territory. However, volume remains the decisive factor. Early signs of bullish inflows are present on the volume profile, but these need to be sustained to confirm momentum and support an impulsive rally higher.
What to expect in the coming price action
As long as $2.64 holds, XRP remains positioned for continuation toward its all-time high and the $4.80 extension target. Sustained bullish volume will be critical in driving the next expansion phase.
