Market conditions continue to improve and all is great but one thing...
XRPUSDT is trading in the bullish zone but below its January 2025 peak price, this can have some implications. If XRP were to stay below this resistance, it can take a while before the next target is reached.
The last advance was a good one. XRP grew 92% in 26 days, including all-time high and everything. The market is good, the market is strong and the market can continue to grow, but there is no hurry if the growth is set to be sustained long-term. If a rise is to be maintained, there needs to be stops along the way.
So moving below resistance for a few days can lead to bullish momentum drying up. Once dried, the bears can take the upper-hand and push prices lower. Lower but still higher as in our classic higher lows.
Retraces, sideways, reversal, consolidation, accumulation. Bullish wave.
The market has room to wiggle around. Patience is key.
If a move back above $3.40 doesn't happen soon, prepare to wait.
Regardless of the length of the waiting period, possibly with a downward bent, XRP will continue to grow. If prices move lower this is an opportunity to buy-in or rebuy.
Namaste.
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