XRP Price Drops Below $3 but Holds Strong at $2.96 Support
XRP has dropped below $3, currently trading at $2.96, which aligns with the 0.382 Fibonacci retracement level and serves as a significant support zone. A brief dip to $2.94 quickly reversed, indicating potential bottoming behavior.
XRP Holds Strong At $2.96 Support
- The Relative Strength Index (RSI) shows bullish divergence on the 15-minute and 1-hour charts.
- Higher lows on the RSI signal shifting momentum towards buyers.
- Casi Trades indicates that XRP may have completed its correction phase.
Bullish Outlook And Upside Targets
- XRP is expected to stabilize around $2.96 or retest this level, showing strength in the market.
- Potential upside target noted at $4.80, with further gains possible if market conditions remain favorable.
- Broader market trends suggest large-cap cryptocurrencies could lead future price increases.
- Holding above $2.96 supports a bullish outlook for XRP's next movement.
