“XRP is about to explode! Ripple price breaks key resistance, when will we see a surge?”

XRP has recently broken through a key Fibonacci resistance level, showcasing strong upward momentum, closely tied to the market's positive sentiment towards cryptocurrency ETFs. Although the short-term trend remains complex, analysts are closely monitoring key price levels to confirm whether it will enter a more stable bullish period.

Currently, XRP is forming a bullish structure, creating higher highs and higher lows, suggesting further upward potential. The range of $2.11 to $2.12 has become a key support level, and as long as XRP stays above this range, the market's bullish sentiment remains solid. If it falls below this support level, a reassessment of the trend will be necessary.

The next upward target range is $2.46 to $2.55, which overlaps with the 138% Fibonacci extension level, often regarded as a critical point in technical analysis. If XRP breaks through this range, it will complete the third wave in the five-wave pattern.

Although XRP is still within a long-term downward channel, bullish signs in the market are becoming increasingly strong. If the RSI breaks above the previous high and the price stabilizes above $2.50, XRP may transition from a short-term rebound to a stronger upward trend.