XRP Price Correction May Lead to $2.49 to $2.66 Upside Targets

XRP Price Movement

  • XRP's price experienced a rally from below $2 on January 1 to $2.41 by January 6.
  • The market is now in a correction phase, with short-term Fibonacci levels being tested as momentum resets.
  • Current pullback has reached the 0.236 Fibonacci retracement level near $2.27, serving as a key support zone.

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Future Expectations for XRP

  • Momentum indicators suggest the correction is ongoing without indicating structural weakness.
  • The $2.30 to $2.33 zone is crucial; if not reclaimed, XRP may dip to the 0.382 Fibonacci level around $2.18.
  • Despite the correction, optimistic outlook remains with potential upside targets between $2.49 and $2.66 once a low is confirmed.

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