$XRP is gaining momentum after breaking through a crucial Fibonacci resistance earlier this week, fueled by positive market sentiment surrounding crypto-based ETFs. While the rally’s structure remains complex, analysts are closely watching key price levels to gauge the sustainability of this bullish trend.

📈 Short-Term Outlook:
XRP continues to form higher highs and higher lows—classic signs of upward momentum. The price is following a diagonal wave pattern, which indicates bullish behavior, though not as powerful as a strong impulsive trend. The recent swing low at $2.11–$2.12 (April 24) is critical support. As long as XRP holds above this range, the bullish scenario remains intact. A drop below would require reevaluation.

📊 Next Targets:
The $2.46–$2.55 range is the next upside target, aligning with the 138% Fibonacci extension level—an important milestone in wave-based analysis. A breakthrough here would complete a larger third wave in the ongoing five-wave pattern.

🔮 Long-Term Outlook:
Despite XRP trading within a long-term descending channel, there's a growing sense that the bearish trend might be losing steam. If the RSI breaks its previous high and price surpasses $2.50, this could signal a trend reversal, pushing XRP into a more defined bullish phase.