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XRP to the Moon (Sort Of)

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Well, well, well. Look who’s finally broken through that pesky resistance cluster 🚀. XRP, the cryptocurrency that’s been teasing us with its potential for ages, has finally breached the POC, 0.618 Fibonacci, and $2.40 high time frame resistance. And if volume confirms, the path toward $3 is wide open 🤑.

But let’s not get ahead of ourselves. This is crypto, after all. Where the only constant is chaos 😂. Still, Ripple‘s (XRP) technical development is looking rather promising. The breached level includes the point of control, the 0.618 Fibonacci retracement, and a major high time frame resistance at $2.40. If XRP holds above this zone on multiple candle closures with volume confirmation, it opens the probability for continuation toward the $3 region, which stands as the next significant technical target 📈.

The Technical Mumbo-Jumbo

  • Breakout Above $2.40 Resistance: Because who doesn’t love a good breakout? 🎉 Key zone included POC, 0.618 Fibonacci, and HTF resistance.
  • Strong Momentum: Recent price structure shows consistent higher lows and bullish candles. It’s like a never-ending crypto party 🎂.
  • Next Target at $3: Because $3 is the new $1 💸. Technical alignment with prior macro resistance and Fibonacci extension.

XRP’s price action has been on a tear lately, printing consecutive higher lows and pushing aggressively into a known resistance zone. The region around $2.40 was technically dense, encompassing the point of control (a major volume-based support/resistance level), the 0.618 Fibonacci retracement from the prior move, and the high time frame resistance that had capped price during multiple prior attempts 🤯.

The breakout from this zone was decisive, the current candle has closed above all of these levels, suggesting a major structural shift to the upside 📈. From a price momentum perspective, this move is significant, and traders will now watch closely for confirmation in the form of bull volume and follow-through price action. If XRP can remain above this broken resistance and hold the breakout level as support, the case for continuation strengthens 💪.

The next high time frame resistance zone lies at $3.00, which now becomes the immediate upside target 🎯. This level holds psychological significance, represents a prior macro resistance, and aligns with the Fibonacci extension from the recent impulse. Should volume continue to rise and buyers maintain control, this target may be reached in the short to medium term 🕰️.

Until then, it’s essential to monitor for retests of the breakout zone 🔍. A successful backtest of the $2.40 level would add further confidence to the bullish case and establish a new higher low, strengthening structural integrity for further upside 🚀.

What to Expect (But Don’t Hold Your Breath)

If XRP holds above $2.40 with sustained volume, a move toward $3 is the next high-probability outcome 🤑. A confirmed retest of the breakout zone would further validate the bullish momentum. But remember, this is crypto, and the only constant is chaos 😂.

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2025-07-10 21:31

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