🚨 Golden Pocket Holds: XRP Pushes Back Above $3.21! 🚨
Minutes after yesterday’s update where I highlighted a bullish divergence forming on small timeframes, $XRP unexpectedly broke down below the $3.17 support. It was disappointing to see it fail to hold, but price nicely found support at the golden retracement pocket - the 0.65, which in Elliott Wave Theory often acts as a Wave 2 target. 🎯
In my view, this golden pocket around $3.11 was the last line of defense for bullish momentum. I had mentioned that a break below $3.10 would invalidate the bullish trend because it would push price into Wave 1 territory. Fortunately, #XRP respected this level and has since bounced impressively, reclaiming the major $3.21 resistance level! 🔥
Volume is gradually building with this reclaim, which is an encouraging sign that a breakout might be imminent. A Wave 2 retrace often leads to a powerful Wave 3 impulse, and the support at the golden pocket suggests we could be gearing up for that next strong wave up.🚀
What’s even more exciting is that despite the recent volatility, the macro target zones remain valid. Extensions continue to line up near $4.60–$4.80, with several degrees landing there. That is a very strong confluence zone!
📉For confirmation of this new high, XRP needs to break $3.66 (our previous ATH). We still have some local resistances ahead: the .118 fib at $3.41, the previous all-time high at $3.66, and then the major target zone near $4.80. Wave 3 volume is obvious. It’s not slow or hesitant but strong and clear. This is what we'll be watching for today and in the coming days...
On the downside, support currently sits at $3.21 (.236), and holding above that level will be crucial to maintaining this bullish momentum. 🚨
Overall, the fact that XRP held the golden retracements and is showing volume and momentum gives me confidence that a significant breakout could be just around the corner! 😍
All eyes on $3.21 flipping to support! 👀🚨
#xrp #XRPUSDT🚨 #XRPCommunity #XRPArmy #xrpusdc $XRP